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How much tax relief could you claim for home expenses?

Being a sole trader who works from home some or all of the time will increase your domestic bills, but thankfully you can claim some costs as tax expenses, which could lower your tax bills significantly. So, how much could your tax savings be

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1 Enter your details below

Total annual bills

  • You cannot claim for the capital repayment part of your annual mortgage repayment costs – only the mortgage interest proportion.

  • If you plan to start operating a business as a sole trader from your home, speak to your current home insurance provider to find out whether you need to take out additional insurance cover.

  • Alterations and improvements to a property, for example, an extension or left conversion, cannot be claimed as an allowable expense.

  • If you plan to start operating a business as a sole trader from a property you rent, you need to make sure that this isn’t prevented by a term in your rental agreement.

Average monthly usage of each room

Room 1:
  • Include the total number of hours the room is used during a month.

  • Include the number of hours used for business during a month (this should be equal to or less than the total).

  • Allowable costs £0.00

2 View your allowance

Use of home allowance

Monthly use: Relief per month:
  • 25 - 50 hrs £10
  • 51 - 100 hrs £18
  • 101 + hrs £26
  • Estimated allowance £0.00
  • Tax & NI relief @ 26% £0.00
  • Tax & NI relief @ 42% £0.00
  • Tax & NI relief @ 47% £0.00

Actual expenses

  • Annual expenditure £0.00
  • Private use deduction £0.00
  • Estimated allowable expenses £0.00
  • Tax & NI relief @ 26% £0.00
  • Tax & NI relief @ 42% £0.00
  • Tax & NI relief @ 47% £0.00

Please note: Not all allowable costs are included in the calculator above, there could be others, while tax saving figures shown are estimates for illustrative purposes only. Seek tailored tax advice for exact figures and guidance.

Sole trader home expense tax relief FAQs

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Save £££s off your tax bill!

Recording your expenses is quick and easy with GoSimpleTax – enabling you to claim all of your tax expenses and minimise your tax bills.

  • Simply scan or use your phone to snap your receipts and upload them. Your accounting records will be updated quickly and accurately.
  • GoSimpleTax enables you to effortlessly track your expenses, so you know how much you’ve spent and you don’t forget to claim anything.
  • Your receipts will be safely and securely stored should HMRC ask for proof of your tax expense claims.

And because your tax expenses are accurate and fully kept up to date, completing your Self Assessment tax return will be far much quicker and easier, which means you’ll save time as well as money with GoSimpleTax. Start your FREE trial today!

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