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If you work from home, what do you deduct as an expense?

31 replies

MarshaBrady · 15/01/2013 18:42

Ie expenses. How do you work out what to deduct, if anything.

Have gone blank on what you do.

OP posts:
MrAnchovy · 16/01/2013 22:00

"I think most people manage it pretty well without accountants and things are never as complex as people make them seem."

Depends what you mean by "manage it pretty well" - file a tax return that is accepted on time maybe, pay no more tax than is necessary probably not. If MrsJimmyChoo pays tax at 20% (and Class 4 NI at 9%), her version of the calculation ends up with her paying £170 more than she should be!

MrAnchovy · 16/01/2013 22:14

"Do we know anyone charged capital gains tax on a house sale who eg was a writer working from home or maths tutor?"

No, most of the case law concerns lawyers - because they self-represent they are the only ones that can generally afford to take appeals beyond the First Tier Tribunal.

TalkinPeace2 · 16/01/2013 22:46

a) I've done all but the last three tax returns - and any fool who drops off their records after Christmas pays me double.
b) read this before asking any more questions (feel free to print it and use a highlighter)
members.ebay.co.uk/ws/eBayISAPI.dll?ViewUserPage&userid=talkinpeace

MrsJimmyChoo · 17/01/2013 08:34

MrA- you really confused me putting 60/63 because to me that looked like a fraction.

Xenia- I thought the whole point ( correct me MrA if worng) of saying that any room was used for other things apart from the business was the way to avoid capital gains? It's only if a room is used exclusively for a business that you could be liable.

And another question- how would anyone know if you wre working from home- even sticking stamps on envelopes in a tiny room for that purpose?

Miller1977 · 19/01/2013 21:26

There's so much to remember to include. Found a useful document regarding working from home

tubsmum · 31/01/2013 13:09

Thank you Miller 1977

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