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Edited version of private advice
Authorisation Number: 1051563861137
Date of advice: 19 August 2019
Ruling
Subject: Home office expenses
Question
Are you entitled to a deduction for a portion of your occupancy expenses and running expenses in relation to your home office?
Answer
Yes
Yes. It is accepted you meet the relevant factors contained in Taxation Ruling TR 93/30 Income tax: deductions for home office expenses. Further information about deductions for home expenses can be found by searching 'QC 31977' on ato.gov.au
This ruling applies for the following periods:
Year ending 30 June 20XX
Year ending 30 June 20XX
Year ending 30 June 20XX
Year ending 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
This ruling is based on the facts stated in the description of the scheme that is set out below. If your circumstances are materially different from these facts, this ruling has no effect and you cannot rely on it. The fact sheet has more information about relying on your private ruling.
Taxpayer 1 is a full time employee and director of a company
Taxpayer 2 is a part time employee of the company.
It is a small business.
The company does not have any business offices or warehouses.
There is a dedicated floor of the house for the business with no domestic use.
No other location is used and no rent is paid.
There is street signage to the business.
Taxpayer 1 and 2 own the house and will apportion the expenses in accordance with their ownership percentage and the floor area used.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1.
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