Working from home - tax breaks 2021-22

Lockdown has required many of us to work from home, ands whilst some of us will have experienced the challenges this presents, many will not.

This Spotlight answers questions business owners, employers and employees will have regarding the tax implications of home working. Content covers tax-free benefits and other issues for:

  • Employees working from home.
  • Self-employed home workers.
  • Running a personal or family business from home.
  • Building a home office.
  • Capital Gains Tax issues.

Practical uses:

  • Send to clients home working (or staff home working). Promote review to ensure they are making the most of reliefs available.
  • Send to clients who are considering investment in a garden office or garage conversion.
  • Distribute to staff, to read and onward distribution to family and friends working from home.
  • Use copy on website and material for social media campaigns.

Word count – 1028 words

Other Spotlights publications available to subscribers

Pension Contributions - tax breaks 2021.22
Off-payroll working changes - from 6 April 2021
Trivial benefits - tax-free benefits 2021-22
Extracting company profits - strategies for 2021-22
New to self-employment - tax and NIC 2021-22
Utilising COVID tax losses 2021-22
Capital expenditure - tax breaks 2021-22
Incorporating a property business - 2021-22
Making the most of digital accounting 2021-22
Staying ahead of business challenges 2021-22
Why tax planning is a sound investment 2021-22
New business challenges in the post-COVID economy 2021-22
Business exit challenges in a post-COVID economy
Creating multiple income streams 2021-22