Small Business: Home-Based Business Expenses

Written By Kate Fleming

This information will help you if you are a small business owner claiming deductions for the costs of using your home as your main place of business.

Key points:

  • The types of expenses you can claim depend on how you operate your business from your home.

  • You can only claim deductions for the portion of your expenses that relate to running your business.

  • You must keep records for at least 5 years to show that your business incurred the expenses and how you calculated your claim.

  • If you sell your home, there may be capital gains tax (CGT) implications.

  • If you are entitled to goods and services tax (GST) input tax credits, you must claim your deduction in your income tax return at the GST exclusive amount.

To learn more, Download the Australian Governments information pack.

Kate Fleming
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