The self-employed can take advantage of new guidance from HM Revenue and Customs (HMRC) that allows them to set a range of costs against their income tax.
These costs can include mortgage interest payments, council tax and home insurance.
HMRC said that, as far as they were concerned, self-employed workers had always been in a position to claim mortgage interest payments against their tax.
However, the latest guidance makes this entitlement clear for the first time.
Date:30 June 2008
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