As Sole Trader or Limited you can claim a partial rate of your rent if the house where you live is used for business purpose. As usual everything has to be reasonable and calculated pro rata on time spent and space used (domestic use vs business use).
This is indeed true for rent. What happen if the Sole trader, or the Director of the company wants to buy an house instead of renting.
What kind of financial benefit can he/she use? Can it still claim back a percentage of a virtual rent? Is there any specific split of a possible mortgage between the personal part and the business part?