Can I claim the use of my home as a business expense?
Yes, you can. HRMC states it is possible to claim back expenses for a room in your home, for the hours you use it for business purposes.
Essentially this means you can claim for electricity, heating and water, council tax and mortgage interest for the use of your home as an office space. You will need to take into account how many hours a week you are using the space and then calculate the cost of the room per hour. These amounts would normally be charged in your accounts to ‘use of home as office’.
To be honest the ‘use of home’ allowance is a little complicated, and changes yet again if you become a Limited company and continue to work from home, so it is probably best to speak with an accountant to get the most accurate and up to date information.
For more information on expenses please read our Self Employed Expenses.
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