Author - Caroline Bailey

If you work from home and are self employed or have a limited company.

  If you work from home some of the time you may be able to claim a percentage of your costs for expenses below: heating electricity council tax mortgage interest or rent of the office internet and telephone use You’ll need to find a reasonable method of dividing your costs, for example by the number of...

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rental property expenses

Allowable Rental Property Expenses Deductible for Tax

  Tax is payable on any profit you make from renting out property. However, you are able to deduct allowable rental property expenses from the income to decrease the amount of taxable income. Paying tax on profits after allowable rental property expenses Tax is payable on any profit you make from renting out...

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