Australia's largest stock trading and investment forum Australia's #1 stock forum

Offsetting Capital Loss, page-31

First 31 Last

Share
Profile

Follow
irfi786

503 Posts.

3

24/07/18

23:54

Post #: 34546110
Share

Originally posted by Mundo122 ↑

If the room is solely used as a home office for work related purposes and you want to claim rent, it would be calculated using the square feet. So it would be the square feet of the room divided by the total square feet of the house.
You would also be able to claim electricity, rates etc.
another way is the ato rate which is number of hours per week x number of weeks x the ato rate of 45cents.
Whichever gives you a greater deduction I would elect.

Expand

Thanks for your quick response Mundo.

I think claiming ato rate wil give the least deduction wsince 45c per hour is very less rate.
I will work out the sq ft size and claim this way.

Thanks again, will buzz you again if i do get stuck while doing my own tax return
Upvote

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 8 more messages in this thread...

First 31 Last