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Including a mortgage loan

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2024-09-16

Question

As far as I can tell, I can include part of my mortgage loan as an expense since my business is at home. But how do I do that? Is it with the yearly tax certificate for taxes or…?

Hello,

The loan itself is a bit tricky, because you would then have to include your house in your accounts, which doesn't really make much sense. You would soon have to include the added value of your house in your profits, which would make it a taxable profit, meaning you would simply be giving money away to the taxes. You would also have to sell part of your house back to yourself... A lot of hassle. I would definitely not recommend this.

However, you can enter part of your solicitor's fees, registration costs, and interest on your loan (20%, for example). This does not have the disadvantages associated with the added value, as these costs are actually separate from your property.

Nouk :-)

Ok, thank you!

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You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

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