015. Tax Bite: Working from home. What expenses can I claim in my tax return?

In this Tax Bite episode, we’re talking about working from home and the home office expenses that you may be able to claim as a tax deduction.

These Tax Bites are created for you, the individual taxpayer, to give you tax tips and tools to help you prepare for Tax Time 2020 in Australia. This Tax Bite Edition is hosted by Registered Tax Agents and CPA’s Sheryl Cole and Corinne Cole.

Special Tax Bite episodes will be happening in the lead up to tax time 2020 to help you prepare for tax time and get the inside scoop as to what you can and can’t claim on tax and what documentation you need to ensure your claim holds up in an ATO audit.

In this Tax Bite, we talk about:

• The conditions that must be met in order to claim home office expenses
• The difference between home office running expenses and home office occupancy expenses
• The records and receipts you need to keep to claim home office expenses
• The fixed-rate method versus the actual expenses method; and
• We briefly chat about capital gains tax implications and claims for car and travel expenses when working from home

You can learn more about the show hosts, Corinne Cole and Sheryl Cole at:

platinumaccounting.com.au