One of the common questions we get asked by clients who run their businesses from home, is if they can claim any costs for this.
The answer is yes, so long as you use a ‘reasonable’ method to calculate the amount.
At this point I direct them to articles created by FreeAgent, one of the software programs we recommend, who explain it much better than I would.
There are two articles, one for sole traders and one for company directors, and each contains a very easy to follow infographic on how to calculate your use of home figure.
Although the calculation method is the same for both, the rules of what expenses you can include in the claim is more lenient for sole traders than directors.