Home office expenses
Work out what a business can claim for the part of a home used for work. This uses the actual cost method: real household costs apportioned by floor area.
Inland Revenue’s guidance on using your home for businessThese appear on the printed working paper, so it stands on its own in a file.
Measure in square metres. Include only space genuinely used for work — a room used as an office, a garage used for storage or a workshop.
Enter the full annual cost for the whole property. Turn off Has GST on any line that carries none — some insurance is exempt, and a small supplier may not be registered.
Mortgage interest and rent do not carry GST, so no GST is claimed on them.
Optional. If filled in, the printed working paper carries a short declaration and room to sign, so the person who supplied the areas and amounts can confirm them.