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Sole trader based at home - mortgage deductible?

Answer
Posted Wed, 10 Jan 2024 10:38:51 GMT by
I am a sole trader and work full time from home using one dedicated room (in a property of 7 rooms). Can I claim a proportion of my residential mortgage interest as a deductible expense? Do I claim 1/7th?
HMRC Admin 19 Response
Posted Tue, 16 Jan 2024 12:15:12 GMT by HMRC Admin 19 Response
Hi,

Yes, you can claim for mortgage interest. You can see guidance here:

BIM47825 - Specific deductions: use of home: examples

Thank you.

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