Tax deductions for home office (Australia)
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Күн бұрынUPDATE 7 April 2020. See our update video for the ATO's new "shortcut" method for claiming home office.
With many more people working from home we’re re-capping the Australian Taxation Office rules around home office claims. You can find a shorter summary of this on our website: www.beyondaccountancy.com.au/h...
We refer to some resources during the presentation:
ATO fact sheet: www.ato.gov.au/uploadedFiles/...
ATO COVID-19 FAQ page: www.ato.gov.au/General/COVID-...
ATO tax ruling TR 93/30: www.ato.gov.au/law/view/docum...
@mike.t.0007 4 жыл бұрын
Thanks Jarrod, appreciated this 101
@chrispel84 4 жыл бұрын
good info and clearly presented
@ylam3639 4 жыл бұрын
Thanks Jarrod.
@muzzworld 4 жыл бұрын
Nice info Jarrod
@carlmay8314 4 жыл бұрын
Jarrod good info. Mate I would love to know what are the best Industries to invest/start in Australia in respect to good tax benefits and write offs. Would be awesome if you could do a you tube vid on this.
@salmintheaccountant 4 жыл бұрын
Depends on what your current situation is. The property market has been a huge loophole for the last 20 years. Lots of tax loopholes for property investors. Just did a video on how trusts accomplish this. Hate to plug it, but give it a look.
@ianchan6489 2 жыл бұрын
Hi, may I know the home office expenses can apply for operating on my Stock/Bond/ETF investment which need laptop/Internet to operate. Thanks
@BeyondAccountancy 2 жыл бұрын
Hi Ian. You can claim deductions in the same way an employee working from home can, except you cannot use the 80c/hr shortcut method. You'll need to claim 52c/hr, plus the investment-related percentage of internet use. For the laptop, you'll need to depreciate over two years and adjust for work use %. Hope that helps!
@avshiva 4 жыл бұрын
Jarrod, what is the 80c/hr method?
@stevethea5250 3 жыл бұрын
that's the shortcut method if you can't be bothered working out all your deductions i believe
@avshiva 3 жыл бұрын
@@stevethea5250 thank u
@stevethea5250 3 жыл бұрын
@@avshiva HEY i'm no expert btw , you can jump on Whirlpool forums and check the Finance/Tax pages.
@avshiva 3 жыл бұрын
@@stevethea5250 Thank You
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