Self employed working from home

New guidance has been issued by the Taxman on what expenses can be claimed by the self employed when they work from home.

Allowable pro-rated costs:

• mortgage interest;
• council tax;
• cleaning costs;
• phone line & broadband rental;
• insurance;
• repairs & maintenance.

Pro-rating costs involves calculating the % of your home used for the business and the % of time per day each room is used for business purposes.