Subject: Re: uk ltd company. home office
From: John Boyle 
Date: Thu, 19 Jul 2007 23:27:50 +0100
Bytes: 1918
Newsgroups: uk.finance

In message , Ronald Raygun 
 writes
>Of course, if (say) you were using 10% of the house for business
>purposes, then only 10% of any capital gain would be liable to CGT.

And it would follow that Business Asset relief would be allowable on 
that.
>
>[*] If you are getting rent, you would need to pay income tax on it,
>after deductions for mortgage interest, insurance, etc.

But the business would be able to offset the rent. Net position = 0 
unless the business was owned by a sole trader paying tax @ 40% and 
there was a joint owner of the property paying tax at a lower rate.
-- 
John Boyle