Running a Business or Working at Home: Claims and CGT Impact

Explore the tax traps of working from home, including the main residence exemption, CGT impact and GST considerations.

In this session, we cover:

• Impact on the main residence exemption

• Can the home be an active asset for small business CGT concession purposes?

• Home as place of business v home office

• What does it mean if I use the ATO fixed rate?

• Running costs v occupancy expenses – what’s the difference and which can I claim?

• What are the Courts and Tribunals saying?

• Making changes to the home – who can claim capital allowances?

• Business operated through a company or trust – how do I ensure I don’t lose deductions?

• Can I still make a downsizer contribution?

• GST considerations