- expenses that are most commonly deducted in calculating company or self-employment profits for tax; and
- deductible property expenses.
|wages and salaries of staff you employ||Y||Y|
|wages of yourself (you are an employee)||Y||n/a|
|drawings and class 2 and 4 national insurance||n/a||N|
|Dedicated premises: heating, lighting, cleaning water, rent, rates||Y||Y|
|A share of heating, lighting, insurance etc if working from home||Y||Y|
|Subsistence when working away from home||Y||Y|
|Travel costs incurred||Y||Y|
|Travel from home to office of employees or self||N||N|
|Administrative costs: insurance, legal fees, accountancy||Y||Y|
|Business telephone, postage, stationery||Y||Y|
For the self-employed any expenses wholly and necessarily incurred for the business are deductible. For items such as cars, telephones, computers and premises a proportion of the cost is claimed based on the ratio of business to private use.
|water rates, ground rents and council tax||Y||Y (i)|
|gas and electricity||Y||Y|
|repairs and redecoration||Y||Y|
|building and contents insurance||Y||Y|
|mortgage interest (but not capital repayments)||Y||Y|
|wages of gardeners and cleaners||Y||N|
|letting and estate agency fees||Y||Y|
|legal and professional fees connected to letting||Y||Y|
|wear and tear of furniture||Y||N|
|publicity and advertising of the property||Y||Y|
(i) deductible if the tenant does not pay.