Working from Home Tax Relief for Contractors
As remote work becomes increasingly common, especially for contractors, understanding how to claim tax relief for working from home is essential. This guide will explore everything contractors in the UK need to know about working from home tax relief , from eligibility criteria to how to maximise your claims. By the end of this article, you’ll have a comprehensive understanding of how to make the most of this tax benefit and reduce your overall tax bill. What is Working from Home Tax Relief? Working from Home Tax Relief is a tax benefit provided by HMRC to individuals who incur additional costs as a result of working from home. For contractors, these costs might include utility bills, internet charges, and a portion of your rent or mortgage interest. The relief allows you to offset some of these expenses against your taxable income, effectively reducing the amount of tax you owe. Who is Eligible for Working from Home Tax Relief? To be eligible for Working from Home Tax Relief, certain