How to get the Government to refund 10% of your housing costs

We don't seem to get a lot from the government these days but there is a way you can reclaim about 10% of all of your housing costs.

This includes your mortgage, energy bills, council tax and even phone calls.

I always tell my clients that the best way to improve their finances is to start a home based business. There are loads of benefits to this, one of the benefits is the tax advantages.

If you run a business from home you are allowed to claim a proportion of your house expenses as legitimate business expenses. So for example you can put down 25% of the mortgage as a business cost, you can then offset this against your business income or even your wages from your day job so that at the end of the tax year the Tax man will send you a nice cheque.

This amount will vary depending upon your circumstances and I would advise you to get advice from an accountant.

http://www.independent.co.uk/news/business/news/selfemployed-can-set-mortgage-costs-against-tax-says-hmrc-856994.html

If anyone wants advice on setting up a home based business contact me at steve@ukwealthcoach.com