How to calculate working from home expenses.

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As the world of work continues to evolve, increasing numbers of freelancers, contractors and even employees now work from home in the UK. Technology has liberated how, when and where we work, giving the UK’s 2million independent workers the opportunity to work remotely, flexibly and from the comfort of our own homes.

And as self-employed workers, all freelancers and contractors are able to claim tax relief when working from home. HMRC deems it a legitimate business expense, meaning you can claim back a portion of the cost of your rent or mortgage repayments, electricity, council tax or heating bills.

However, typical guidelines to calculating just how much you’re able to claim back can be tricky to understand and stuffed with jargon – enough to put many of us off claiming this expense before we even begin.

But given 95% of freelancers and contractors believe benefits of being self-employed are being reduced by the Government, it’s essential to make the most of this legitimate tax relief. And fortunately, tax expert Emily Coltman of FreeAgent is on hand to break it down for you.


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