Use of a boat as an office

[sarabande]

I can't see any reason why you cannot 'hire' the boat for n hours a week as the base from which to operate your business.

Or a caravan.

Or a real office.


They are all wholly and necessarily part of your business expenses.

 

[Hadenough]

And posters on here moan about immigrants abusing the system!

In the dim and distant I was married to a tax inspector, she specialised in Schedule D, self employed tax. She always maintained that you never got wealthy by being PAYE.

 

[fisherman]

I think you and fisherman are talking at cross purposes.

I think you're thinking of capital gains tax, whereas I think fisherman is really talking about profit/ loss on disposal (which compares written down value against disposal proceeds ie not a capital gain at all).

In this case I was talking about CGT when 'use of home' has been claimed at too high a rate, and the taxman regards it as a business premises.