What constitutes a business premises?

[SouthEastClaret]

A friend of mine is willing to pay me £50 a week rent to use my spare room for her business. She'd only be using it three days a week.
Question is, does it mean a shift in any council taxation, etc? Or is it up to me to divulge it, etc?

Just curious as she can't work from home and wants to use a premises more centrally located in Lancashire.

[dan_tbm]

The mind boggles at what her 'business' is!

[Escafeld]

If you own your property then if any part of it is being use to operate a business then you may have to pay business rate for council tax purposes. Any income you derive from said rental will again be taxable & HMRC will want to know about it. If you rent your property same applies unless your tenancy agreement forbids sub-letting.

Of course you could just rent the room & keep schtum! But if you get caught then they'll throw the book at you, especially if HMRC are involved.

[SouthEastClaret]

The mind boggles at what her 'business' is!

It's not what you think :laugh: Cheaper to rent from me and she hasn't the room at her house for office equipment etc.

[SouthEastClaret]

If you own your property then if any part of it is being use to operate a business then you may have to pay business rate for council tax purposes. Any income you derive from said rental will again be taxable & HMRC will want to know about it. If you rent your property same applies unless your tenancy agreement forbids sub-letting.

Of course you could just rent the room & keep schtum! But if you get caught then they'll throw the book at you, especially if HMRC are involved.

Thanks Escafeld. I thought there might be some form of taxation involved.

[lionspride]

It's not what you think :laugh: Cheaper to rent from me and she hasn't the room at her house for office equipment etc.

Since when has a dildo and a handheld camera been office equipment.

[Martinho]

If she pays £50 a week in cash and you both keep your mouths shut, then there's no problem.

[SouthEastClaret]

If she pays £50 a week in cash and you both keep your mouths shut, then there's no problem.

Would be rude to say anything wouldn't it? :whistle