Expense

Do I need legal expense cover on my home insurance?

Jun 142011

I am trying to reduce the cost of my home insurance and the biggest difference could come from not taking the legal cover. I am not sure whether this is a good idea or not, anyone had experience of this or know the finer details?

Vehicle on Contract Hire – Can I claim the cost as a business expense?

Auto Financing No Responses »

Jun 092011

In my business i have taken a car on contract hire costing £500 per month. can i claim all of this (£6000) as a legitimate business expense?

Student loans not in repayment or in deferral included in a mortgage loan application as an expense?

Mortgage Loan 5 Responses »

May 162011

Student loans not in repayment or in deferral included in a mortgage loan application as an expense?

Am applying for a mortgage loan and have two school loans already on my credit report but specify one is not in repayment and second is deferred. However, the loan application is requesting all expenses listed on my credit report. Are these loans not in repayment included in my expense ratio? Citywide Mug This is [...]

Can the interest/payment on a home equity loan be deducted as home office expense, the same a home mortgage ?

Mortgage Loan 2 Responses »

Apr 302011

I have been asked to set a home office for my employer’s benefit. I will work from home on daily basis. I know I can deduct a portion of my mortgage payment and utlilties from my taxes, but can I deducted my home equity loan payments? Should I consolidate both loans to get the total [...]

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