FINANCE

FAQs about expenses to claim when
running a business from home

By law, an expense is allowable as a deduction only if it is incurred ‘wholly and exclusively’ for business purposes. It doesn’t have to be billed separately nor does the part of your home have to be set aside permanently for business. For example, you can claim for allowable expenses for a room used as your office during work hours, but it must not be used for other purposes during that time.