For owners of small businesses and independent professionals there are huge benefits to working from a home office, and for many a start-up it is an absolute necesity. With the right setup at home, you can achieve a high level of productivity and flexibility and enjoy lower running costs than a formal office setting.
But if you are working from home, should you be including the cost of your home office as an expense on your self-assessment tax return?
The answer to this question is quite different depending on whether you are working as a sole trader or as a director of a limited company.
Read on to find out whether you should be including home office expenses in your self-assessment tax return...