Home Office Expenses

You can claim deduction for

• Cost of room utilities such as gas and electricity
• Business phone cost
• Decline in value of office plant and equipment i.e. desk, chair & computers.
• Decline in value of curtains, carpets and light fittings.
• Cost of owning and renting the house i.e. rent, mortgage interest, insurance & rates)

You have a home work area

This means that your principle place of business is not at home but you have an area in your home which is exclusively made for business activities.

In this case, you can claim all the above listed deduction expect
• Cost of owning or renting the house i.e. rent, mortgage, interest, insurance and rates.

If you are at home but do not have home work area

This means that your principle place of business is not at home, nor do you have an area exclusively made for some business activity. For example, you work for few hours in the lounge room.

In this case you are able to claim all of above deduction expect
• Decline in value of curtains, carpets and light fitting.
• Cost of owning or renting the house i.e. rent, mortgage interest, insurance and rates.

Contact us today on 1300 300 106 for further information about our Cranbourne Accountant and Cranbourne Tax Agent Services.