Finance Bill 2016: Fixed-rate deductions for use of home for business purposes by partnerships

Sections 94H and 94I of ITTOIA allow sole-traders to claim for the use of their personal home as a business expense.

Following on from an announcement at the Autumn Statement 2014 Finance Bill 2016 provides for partnerships, where appropriate, to claim simplified expenses for the use of a home as an office.

This new legislation will allow partnerships to put on a level playing field with sole traders.