I am completing 4 years self assessments for a client who is a self employed HGV driver. He only uses his own vehicle for travelling to and from a place of work where he drives a companies HGV. Are there any allowable expenses he can claim for such as a % of office space at home to carry out any phones calls, paper work etc. I believe meal allowances are disallowed. He doesn't do overnight stops.
The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
He drove for 2 companies. I believe as long as there is not a designated room within the house for sole business use then no capital gain would apply should the property be sold at a later date. From what I can gather, there isn't really much in way of allowable expenses he can claim for.
Thanks for you help.
-- Edited by kpm on Saturday 19th of September 2009 04:38:29 PM
Hello You can claim an amount for Use of home as office. I think the HMRC has an allowance you can claim have a look at their website. As regards Capital Gains Tax i do not think it applies to a main residence only a second home. With regards expenses as he travels to work and back in his own car he can claim Petrol / Diesel , Stationery, Postage, Telephone,any other expenses that relates to him operating as a self employed driver. Remember that you have to add back a percentage of private expenses on his tax return for Petrol/Diesel, Phone. Have a look at HMRC Website about Self Assessment.
You are right that second homes generally incur CGT. However, there are a number of things that can affect your exemption for your primary residence. On of these is using a room exclusively for business purposes.
The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
