A selection of tables on:
- expenses that are most commonly deducted in calculating company or self-employment profits for tax; and
- deductible property expenses.
| Expense | Company | self-employed |
| 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 |
| Client entertaining | N | N |
| 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 |
| Pension contributions | 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.
Property letting
| Expense | Holiday lets | Buy-to-let |
| 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.