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Freelancer Expenses and Tax reduction
So, had to purchase a new IMac this year for my freelance work.
Would be interested to know what value of the product I am able to expense.
I use it for work and for homelife too, so have read I can claim 50% off my tax assessment.
To add to this, is there a perfect resource that provides us with a list of all the things we can expense, as I feel the HMRC is quite vague on these answers. For example, how much can you claim against living costs etc..
Any help, greatly appreciated.
Would be interested to know what value of the product I am able to expense.
I use it for work and for homelife too, so have read I can claim 50% off my tax assessment.
To add to this, is there a perfect resource that provides us with a list of all the things we can expense, as I feel the HMRC is quite vague on these answers. For example, how much can you claim against living costs etc..
Any help, greatly appreciated.
- Hi Matt,
FreelanceUK arranged for an expert to answer a version of your question on the FreelanceUK frontpage!
https://www.free-work.com/en-gb/tech-it/blog/freelancer-news
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Moore News Ltd - expert care for your editorial needs.
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