Home Office Expenses
Working from home?
If you use an area of your home for your business, eg your study or garage, you can claim a portion of the household expenses, eg:
House And Contents Insurance
Mortgage Interest If You Own The Home
Rent If You Are Renting The Home.
How it works
If your home is 100 square metres and your working space is 10 square metres — 10% of the total area — you can claim 10% of expenses that are not solely for your business, eg your home phone line.
If you aren't using a separate area of your home for business, you'll need to take into account how much time you spend on your business and the area used.
If you're GST registered, the GST content on home office expenses can be claimed as they’re paid — in each GST return period — or at the end of your tax year. Mortgage interest and rent don’t include GST.
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