Tax Centre
- Special Tax Reports Order any of our FREE unique special tax reports with extensive analysis of key tax saving ideas written in simple to understand language.
- Tax Calculators Some tax calculators for you to use.
- Tax Helpsheets Numerous tax helpsheets on all different aspects of personal tax, general business tax, limited company tax, employment tax, vat, capital gains tax, inheritance tax and stamp duty.
Can I deduct part of my property running costs if I use my home as an office?
If you set aside an identifiable part of your home and use it solely for business (for example you use a room or part of a room solely as an office) then a proportion of running costs is allowable. These might include insurance, heat & light and mortgage interest. If the part of the property used for business purposes is also used for some other purpose at the same time then no deduction is due. If the part of the property used for business purposes is so used, exclusively, for only part of the time you can claim part of the running costs, apportioned by reference to the time it is so used. NB. If you use part of your home exclusively for business purposes you may be liable to Capital Gains Tax when you come to sell it. You should also check whether other Capital Gains Tax rules apply.