Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
Due to the ongoing COVID-19 restrictions in Vic and the likelihood that I won't be returning to the office until next year (and then only part time to allow for social distancing) I have purchased a small backyard office studio to work from. As this is removable, and not attached to the main house, can I depreciate this as I would any other home office equipment?