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Running your business from home

Running your business from home If your home is your primary place of business (that is, you run your business from home and have a room exclusively or almost exclusively for business activities) there are: Deductions you can claimCapital gains tax and the main residence exemption to consider.Examples where your home is considered a place of business include:a small business operator whose main office is in their homea tradesperson or craftsperson who has their workshop at homea doctor or dentist who has their surgery or consulting room at home. If your home is not your primary place of business but you do some work from home, you may still be able to claim some deductions. See Working from home. See also: TR 93/30Income tax: deductions for home office expensesDeductions you can claim If you incur expenses from running your business from home, you can only claim deductions for the business part of the expense. You can't claim deductions for private costs. For example, if you make bot…

Working from home during COVID-19

Guide to capital gains tax 2020

Tax differences between a sole trader and a company