RE: Speed is the essence of war.19 Nov 2021 12:42
Davielad, Some advice please. You mention your company share account, is this a company for share dealing or some other business? I ask because for about 10-15 years HMRC has had me filling in tax returns and until recently I assumed these were R40 reclaim forms. Now I am told that these are in fact business/ small trader tax returns. Mostly I get a small rebate and their efforts are wasted, they never query what(if any) business I have.
My question is :(1) can I claim financial dealing as a business? and (2) can I offset the cost of Office equipment, home office running costs etc and if so what would they consider acceptable?
Having had years of reminders & threats from HMRC over what I thought was a small pension, it seems only fair that I get the benefits of being a business. Sorry if this is off-subject but the answer may be of interest to many.
Thanks to any who may wish to reply,....now back to the tax form...