Can I charge my own time to my rental business?

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Jane Lo
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Dear RLA,

Can I charge my own time to my rental business/ For example if I pay someone to decorate I can charge the billed amount as a cost when accounting to the taxman? Can I do the same for my own time if I keep a record? If so what hourly rate would the taxman accept as reasonable?

All advice gratefully received

05/01/2008 00:00

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