Hello. I am a sole trader (piano teacher) and do my accounts on a cash basis. My partner is converting half of our garage into a teaching room for me. Can I claim any of the conversion costs (e.g. materials such as new door, flooring, lighting, insulated plasterboard) as an allowable expense?
I am a sole trader (piano teacher) and do my accounts using cash basis. I bought a chair to use whilst teaching. Can I confirm that I can list this as an allowable expense (rather than capital allowance).