Claiming your business expenses

Running a business at or from your home is similar to running any other business. That is, if you operate a home-based business, you can generally claim similar expenses to a business that is not home-based.

However, two types of expenses that are specific to carrying on a home-based business are:

  • expenses related to the area of your home you use for business
  • motor vehicle expenses you incur when travelling between your home and other business locations.

If you satisfy the interest deductibility test, you may have to pay capital gains tax (CGT) on part of any capital gain you make when you sell your home.

    Last modified: 14 Sep 2016QC 17502