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I surely dont know, but I have the same question, begging as wellmissmemelis wrote:Hello,
I note from the guidelines that property investment is not allowed but that if you buy a home and part of it is used to operate the business, then a portion can count toward the 200k. Does anyone know more about this? If I buy a house and devote 1/3 of it to operating my business, does 1/3 of the purchase price count towards the 200k investment?
Thanks in advance for any replies.
missmemelis wrote:Hello,
I note from the guidelines that property investment is not allowed but that if you buy a home and part of it is used to operate the business, then a portion can count toward the 200k. Does anyone know more about this? If I buy a house and devote 1/3 of it to operating my business, does 1/3 of the purchase price count towards the 200k investment?
Thanks in advance for any replies.
Thank you Rizwan.rizwan567 wrote:I think you guys need to check with HMRC that what part of the house can be used as office/work.
I think rules only allow 20-33% (i dont know the exact number) of the house to be used for business purpose.
As per your local council guideline, the main use of property should be home not office/work. Because if you use your house mainly for business purpose then it needs to be appropriately licensed by council. Which sometimes is hard to get if you live in residential area.