I have an unused garage with broken walls, doors and windows and no cabinets and tables.
I decided it it best to turn it into an office and I can move my operations from a small room to the garage.
I am self-employed under ABN. Most of my contacts are online or I go to their site for consultation but on occasions I see clients in the home office. Can I deduct costs associated with the rennovation?
If you have a home-based business you can claim the total cost once the garage is renovated and ready for use. This is under capital works. Depreciation rate is 2.5% per year. See link
Deductions for home-based business expenses | Australian Taxation Office (ato.gov.au)
If you have a home-based business you can claim the total cost once the garage is renovated and ready for use. This is under capital works. Depreciation rate is 2.5% per year. See link
Deductions for home-based business expenses | Australian Taxation Office (ato.gov.au)
22 Apr 2024 · 6 min read time
15 Apr 2026 · 5 min read time
15 Apr 2026 · 4 min read time
456 views
1 replies