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Post Info TOPIC: Allowable Expense
Vicki Newman


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Allowable Expense
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Hi,

My client rents a room to carry out her beauty treatments can I deduct the rent as an allowable expense?

 

Thank you.



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Count1314


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Of course she can.



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gbm


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Hi Vicki,

Yes presumably rent is incurred wholly exclusively and necessarily for the purposes of running the business.

What work are you doing for your client?

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Nick

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Vicki Newman


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Posts: 117
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Hi

Thank you. I knew you could but just wanted to double check it's, been a couple of years since I passed my AAT and I have only just started bookkeeping in the last couple of months. Before that I was working in an accounts office and didn't have hardly any involvement in the tax side of things even though it was corporation tax and not personal. I looked on HMRC too but felt I just needed to hear it from somebody else practising, silly I know but i'm one of these people that double checks everything! I am in the process of doing her self assesment for her self employment.

Thanks

Vicki

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gbm


Guru

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Sometimes when we work for ourselves, it's always useful to double check things :)

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Regards,
Nick

Website: www.gbmaccounts.co.uk
Twitter

Factsheet | Starting a Business

 
Consul


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Date:
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Yes. This would be a fixed expense.



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consul
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