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Tax deduction to build a backyard hydrotherapy pool

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Newbie

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Hi
I run my own small business from home as an exercise physiologist i deal with exercise intervention for a variety of chonic disease clients. I also teach children to swim as an austswim teacher. Is it possible to build a backyard swimming pool at my home to do hydrotherapy with my clients and also teach children to swim and claim a portion of the construction and running costs each financial year i.e 70% as i would use the pool for personal use 30%.

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ATO Certified Response

Taxicorn

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In theory yes but it would be best to get a private ruling on this.

 

https://www.ato.gov.au/general/ato-advice-and-guidance/ato-advice-products-(rulings)/private-rulings...

 

Also be aware of Capital Gains Tax that you will need to pay if you sell your house.

1 REPLY 1
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Most helpful response

ATO Certified Response

Taxicorn

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In theory yes but it would be best to get a private ruling on this.

 

https://www.ato.gov.au/general/ato-advice-and-guidance/ato-advice-products-(rulings)/private-rulings...

 

Also be aware of Capital Gains Tax that you will need to pay if you sell your house.