Do you sometimes work from home?

Want to reduce your tax bill? Here’s how...
We have noticed that the Inland Revenue have adopted a different approach recently to business owners claiming for the use of their home as an office. This means that you might now be eligible to receive tax relief on the costs associated with running a home office.

Step one
Calculate your monthly running costs relating directly to your property, e.g. mortgage (interest element only), gas, electricity, water, council tax, home insurance, etc.

Step two
Work out the number of habitable rooms in your home (habitable rooms exclude bathrooms, kitchens, utility rooms).

Step three
Calculate how many days per month you work from home.

Step four
Call Wow to find out how much money you can save!

Did you know?

Did you know that you may be able to back-date your claim to 6th April 2008?

How to find out more

To find out more about how this will affect your tax bill, please call Liz Stark on 0845 201 1580.

We recommend you take professional advice before taking any action.

Example


Household bills:
£1,500 per month

Number of rooms:
5

Working days per month:
20

Cost for one room:
£15 per day

Days working from home:
2 days/week

Amount to claim:
£1,560
(52 weeks x 2 days x £15)