Working from home? 7 expenses you should be claiming

Who wants to pay too much tax? No one, right? Well, if you’re working from home and not claiming expenses, you will be doing just that. And what a horrible thought that is, right?

In this episode of Whiteboard Thursday, Nick Campion walks you through 7 ‘must-claim’ allowable expenses to lower your tax bill. So, if you are a sole trader, limited company or an employee working from home – check this video out

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[darkdancer]

Loving a video, would have been fun to see a festive themed one

[davidhoxha]

Thanks for pointing this out, helpful as always!!

[graemedonnelly]

Another terrific episode and so relevant - well done Nicholas and Team.

[anguspark]

Very informative, I've made sure to pass this over to some self employed friends who need to know this

[margaretcoupland]

Lot's of really useful information for employed and self-employed homeworkers.

[nickholmes]

What a great video. Never knew about 5 of these & certainly not the mortgage and council tax ones. I have a few questions.

1. I exclusively use 1 room out of 7 for WFH, am PAYE as an employee of a company. I’m assuming therefore I can claim 14% back of the mortgage interest per annum and 14% of the council tax?
2. How long in arrears can I claim this? I have never claimed for this and have been WFH for over 10 years.
3. What are the implications for capital gains tax should I sell the house in the future? If I sell after I have retired and no longer claim the room as a WFH benefit, does that negate all the years I had claimed?
4. My work provides a WFH extra payment per month - however this is taxed. It’s to cover both bills and broadband usage. Can I still claim the utility bills by individually working out the 14% of the cost (which is likely more than what they give me after tax).
5. My partner also WFH but she uses a bedroom as her office. She has no business office but is also out a lot, approx 50/50. Can she also claim the same percentage individually or is it one per household (mortgage/council tax ect). The mortgage is in both our names, as is the council tax.

[saran]

Another very useful video Nick. So clear and concise! Thank you as always😊

[douglaschown]

Excellent info that I’m sure a lot of people won’t be aware of, very useful!

[PriscilaDexheimer]

Great advice, as usual! Thanks for sharing

[maryfelton]

Terrific video - very informative. Thank you

[jamescandlin]

This is so helpful, especially with so many people working from home during the pandemic.

[nGons]

Thank you for the great videos. Im a director and employee of my limited company and would like to know how to pay myself. Thanks

[zafirahchoudhry]

Great video Nicholas! I'll be sharing this with friends and family who will benefit from this advice 😊

[NemoNatt]

It's the second time I watch a video from this channel, and I found it super useful, and very informative content. Good Job! I'll try to see the other videos when I have time

[johncarpenter]

Great video. Had no idea I could claim a portion of my council tax!

[anguspark]

Better start now than never, really relevant info considering the times

[ibandatextembi-ext]

Thank you for the great video explanation . My questions are:
1)The £6/week you are referred to should be claimed for each bill such as for Gas=£6 a week, for electricity=£6 a week etc... or you have only to claim £6 a week in total for all? In addition I have paid a desk and chair for my job, should I claim this?
2)In lockdown period I did work only two weeks from home. and changed the Job. Do i have right to claim these two weeks?

[rakheepatel]

Very useful video, thank you for putting this together for us. Definitely useful considering the current climate!

[kevinsyd]

Informative, but can you please do a separate video for allowable expenses for sole director Ltd Co working from home? To group them together with a self employed or company employee working at home it's confusing. I asked my accountant about claiming a share of council tax, rent, home broadband etc but was told these are not allowable for a Ltd Co sole director working at home.

[annazielinska]

I know there is a rule that the kitchen does not count as a room. What if I use the kitchen to run a catering business? Additionally, I use the desk in the living room for business-related office matters. 2 bed house (2 bed, living room and kitchen) How to calculate my kitchen and "office" space?