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Edited version of your written advice
Authorisation Number: 1012914379041
Date of advice: 20 November 2015
Ruling
Subject: Occupancy and running expenses incurred in operating a business from home
In order to protect the privacy and commercial in-confidence components of this private binding ruling the following question and answer is provided.
Question 1
Are you entitled to a deduction for occupancy and running expenses for an area of your residence that is used as a place of business in terms of section 8-1 of the Income Tax Assessment Act (ITAA 1997)?
Answer
Yes
Question 2
Does the Commissioner accept the calculation method set out at item 13 of the private ruling application?
Answer
No