What cost can I claim for my premises as tax deductible expenses?
You can claim all expenses incurred wholly and exclusively for business; below is list of few admin expenses which a business could claim:
- Rent for business premises
- Business rates
- Using your home as an office (only the business part)
- Water and utility bills
- Business Insurance
- Maintenance and repairs to business premises and equipment
Please note: You cannot claim expenses or allowances for buying your business premises. You can, however, claim capital allowances for some integral parts of a building, such electrical systems, including lighting systems
If you would like to know more, please contact us.