The COVID-19 pandemic has necessitated many employees to work remotely from their homes during the lockdown period. This in turn has meant that employees had to ensure that a space, or part of their home, was set up in such a manner that it was conducive for them to work from home effectively and productively.
As a result, many employees have over the last few months incurred additional expenses that they would not have ordinarily incurred had they continued to work from the employer’s office. Since some of the cost of doing business has essentially been transferred from the employer to its employees, many employees are now assessing whether they would be able to claim certain of these expenses incurred in connection with the running of their home office as a tax deduction.
In this article, we provide a brief overview of the requirements that need to be met in order to claim a tax deduction for home office expenses.