skip to Main Content

Welcome

Hi there! You’ve got questions? We have answers. Just send us a message and one of our knowledgeable staff will be in contact with you soon.

Get In Touch

Email: info@eoacc.com
Phone: (UK) +44 (0)203 405 2320
Address: UK: Collingham House, 10-12 Gladstone road, Wimbledon, London, SW19 1QT

Our Location

UK: +44(0)203 405 2320 / SA: +27(0)21 300 2380 info@eoacc.com

Can I claim my household expenses as a business expense?

When running a business from home you can claim part of your household expenses as a business expense.

You are allowed to deduct the part of your expenses that wholly, exclusively and necessarily relates to costs incurred to run your business from home. If you have converted a room in your house into an office, then you can claim certain expenses based on either the percentage floorspace used for or the amount of time it is used for business purposes.

You can then, for example, use the percentage of floor space used for business purposes to calculate the portion of your rent, council tax, mortgage interest, insurance and water rates that is business related. The HMRC provides detailed information on their website about which expenses you can deduct if you are running your business from home.

Author

Back To Top