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Homeworking - Maximising the Tax Loopholes

A Tips & Advice Special Report about...

In a nutshell

In this Special Report, you'll see how to structure your homeworking arrangements in the most tax-efficient ways. It considers the effects of homeworking on income tax, National Insurance, capital gains tax and VAT. Full of ready-to-apply tips, this Special Report will ensure your claims for homeworking expenses are beyond HMRC's reach, thereby saving you money.

In detail

The number of business owners and their employees who work from home continues to grow. But only a few take full advantage of the tax breaks. That's where this Special Report can help. It examines the tax implications of homeworking arrangements in their various forms:

  • Use of the home as office charge
  • Special rules for business journeys starting or ending at home
  • Flat rate deductions for unincorporated trades
  • Use of the self-employed rules as a company owner manager
  • Company-provided living accommodation and homeworking/working away from home
  • Capital gains tax: "only or main residence" considerations
  • Reclaiming VAT on homeworking expenses

HMRC's approach to homeworking expenses is notoriously tough. This Special Report provides useful tips on how to fully benefit from all the available tax breaks in a legally secure way.

We've created this Tips & Advice Special Report especially for... 

Anyone that wants to:

  • Get the most out of working at home

 

In this Tips & Advice Special Report you'll read about...

Table of contents

Introduction

Self-employed standard calculation

Flat-rate deductions for the self-employed

Homes used for business

Employees and directors using their homes

Alternative method for company owner managers

Capital gains tax private residence relief and business rates

Creating a home office where the business pays

Employer-provided living accommodation

Travel expenses

Appendix 1

HMRC’s use of home as office example calculations - for the self-employed (BIM47825)

Appendix 2

Valuation Office Agency factsheet - council tax and business rates - working at or from home

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