Home Loan - Claiming office Space
Hi there how do i make a new account so i can claim a portion of my home loan because i have an office set up in my home?
Forum Discussion
HI PetaApps
Don't get too adventurous before checking with your tax adviser. My understanding is that costs like rates, insurance, interest etc not generally deductible for a home office. If you are a doctor and you convert one room to a consulting room then yes a portion based on area would be deductible, but not for working from home etc.
Regards
Gavin
Peta,
I agree with Gavin.
Do you have a business with an address registered at your home?
Have you completed a Floor Plan?
Take Care and talk to your Tax Accountant in detail.
Duncan
