Hi all,
I've started working from home full time, and I've converted a bedroom into my working space. It is not used for any other purpose.
What, if any of the following can I claim as deductions on my income tax?
- Water
- Electricity
- Gas
- Rates
- Insurance
- Building depreciation
Is there anything else I can claim?
And if the answer is yes, how do I calculate the deduction?
If at some point in the future I need to use the room for other purposes at other times of the day, does that affect my ability to claim deductions during my working hours?