Show me your shed

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AlexD

I have a question for those of you who use a posh shed as a place of work.
When i first quite my previous job, i build myself a studio/office in my garden, which i now work in. It's also used for bike storage and stuff, so not solely a place of work.
I'm doing my first years books since going self employed and i gather i can effectively charge myself rent for it. Anyone done this? If so, what kind of amount seems reasonable?

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turnpedal in reply to @AlexD

Speak to your accountant, but you can't change yourself rent, but you may be able to charge for use of home premises, I work from home, in the spare room as my office, and I am here 99% of the time, I can draw ~£200 per month for use of home premises.

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AlexD in reply to @turnpedal

Yeah I did chat to my accountant in the end - I can include some in my expenses but not as much as I thought. I think it gets more complicated if I was a ltd company (capital gains etc?).

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