Work From Home Expenses - What Can You Claim?
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- Опубликовано: 27 сен 2024
- Work From Home Expenses - What Can You Claim?
If you work from home you can claim a proportion of your domestic bills as tax expenses, which you deduct from your sole trader income to reduce your tax bill. In this video we explain what you can claim and show a demo of our new Work From Home Calculator.
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My accountant says she has queried this with HMRC and you can only claim via the simplified method/ flat rate £6 per week ie £26 pcm as you mention week but if you work from home in a residential property, you can only claim via that simplified method. So which one is it? Gov.UK also say you can claim a percentage as you mention.
£6 a week is pisstake when i have dedicated office room & i use atleast 3 sometimes 5 days per week up to 12 hours a day. Especially when rent & utilities are through the roof!
This is so helpful and makes it really logical, however on you form it's missed off spaces to enter metered water and broadband, so I created my own version on a spreadsheet of your form.
Hi, would I Please be able to see this? Many thanks
@@haashimj778 You can create your own. List the bills like it shows in the calculator, and include your own for broadband and metered water.
1. Assuming your total expenditure is £10,000 a year, your house has 4 rooms and 1 is being used as a home office, you would divide £10,000 / 4 = £2500.
2. Assuming the total number of hours you use the room is 200 hours, you would then get the cost per hour £2500/200 = £12.50 per hour.
3. Assuming the number of hours you use the room for work is 150, you would then multiply the hourly rate £12.50 * 150 = £1875 estimated allowable costs.
Really helpful thank you
Hi, when you are adding up rooms in your home, are you including utility, dining room, bathroom etc or just bedrooms? Thanks
Do you include bathroom/kitchen in your "number of rooms" or is it just bedrooms and living rooms that count?
What if I am self-employed but spend most of my time working in public spaces out of choice (e.g. public library, coffee shops, co-working spaces)? Should I try to estimate how much of the time I was actually at home while working, or is it safe just to calculate my expenses as if all my work was completed at home?
Does this work for PAYE employees who work from home?
'promo sm'
Can employees (non self-employed) claim any expenses?
Thank you for this video and calculator - very helpful.
@gosimpletax Using your suggested splitting of time between personal use of a room and business use, how would you go about splitting a bedroom also used as an office space. Is 24 hours equals to 100% time? Also, for a rented home how important is it to calculate the amount of time used exclusively for work in the room used for split purpose?
Really useful 👍
How much percentage could be claimed if one bed flat and for work used just section of living room?
Check out our calculator - www.gosimpletax.com/work-from-home-allowance-calculator/
the same question
What about service charges on a flat?
HMRC Employment Income Manual EIM32820 states that for 2006/07 onwards, the following are not deductable: Council Tax, Rent, Mortgage Interest, Water Rates, Insurance.
www.gov.uk/hmrc-internal-manuals/employment-income-manual/eim32820
It refer to : When an employee's home is a workplace
Zero in fact pay more tax that should get you out of your home to support the economy