Work space

There are a number of common allowable expenses which relate to work spaces.

For starters, renting out an office space is an allowable expense. Utility bills such as heating, lighting, telephone and internet are also allowable as well as the cost of insuring the business premises and the contents.

And, if you work from home, these expenses are still allowable to the extent of the business use only. In other words, you must divide each expense into the percentage that occurred from personal use and the percentage that occurred from business use.