April 28, 2017 at 12:47 pm #996507anotherkevinMember
- Total posts: 2
I was going to call the ATO for clarification, however thought I’d throw this question out to the community before wasting an hour on-hold.
I run a small business (sole trader) from home. I have a home office, mixed use business and personal.
Researching I’ve found that I maybe able to claim for home office running costs on a 45 cents per hour basis.For your home office expenses, you can:
- use a fixed rate of 45 cents per hour for heating, cooling, lighting and the decline in value of furniture in your home office.
I’ve only found the information in the ‘Individuals – Deductions’ category on the ATO website, concerning the deductions ‘D5 Other work-related expenses’ section of the Individual’s tax return – which is only for employees.
Can someone please confirm if this is also available for business? Please include the ATO link.
KevinApril 28, 2017 at 9:44 pm #1207810Robert GerrishMember
- Total posts: 1,274
Many thanks for joining the forums. One of our fine bean-counting members will answer your question soon I’m sure.
RobertMay 3, 2017 at 1:39 pm #1207811June 11, 2017 at 3:53 am #1207812TaniabyrnesMember
- Total posts: 1
Interested in this also. This seems to cover utilities, how about the floor space/home mortgage ? Are you able to claim deductions for that for the home office expenses?June 14, 2017 at 1:54 am #1207813Precise Tax SolutionsParticipant
- Total posts: 172
The rules for business deductions are slightly different, and covered here:
If claiming mortgage expenses etc. you will want to tread carefully, as claiming these will often mean you will pay Capital Gains Tax on that portion of your home, as it will no longer be covered by the Main Residence CGT exemption.
Drop me a private message if you would like to discuss further.
CheersNovember 17, 2021 at 11:11 pm #1232268zaydenwood42Participant
- Total posts: 3
Hi! I guess now people find this topic more relevant as in this pandemic everyone was and still is working from home as never before. Many companies and businesses bore the home office expenses of the employees. Actually, the resources required while working from home are pretty good in number and require to pay a hefty amount also like ergonomic office chairs and desks, internet charges, webcam and many more such kind of things. I too bought an ergonomic office chair from Fast Office Furniture in Australia recently as it is very painful to work on laptops for long hours while sitting on beds and sofas.
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