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irfi786

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24/07/18

23:54

Post #: 34546110
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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.

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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
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