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Deductions for overseas earnings as a freelance sole trader

Newbie

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Hi,

I have a question regarding home office expenses. I have two jobs - one as a university-employed academic which involves a portion of work from home (e.g. class preparation and marking), and one as an overseas freelance editor which I do 100% from home. I have an ABN as a sole trader and report my freelance income in my quarterly BAS. The editing company I work for is based in Singapore, and as such does not have an ABN, and I do not pay tax for this income (until I report it on my tax return). On my individual tax return, I have reported this income under 'Foreign income, assets and entities: Foreign employment'. Firstly, is this correct?

Secondly, in my current draft of my tax return, I have apportioned my home office expenses as an academic under D5 - Other Work-Related Expenses, and also apportioned my home office expenses as an editor, which I have currently put under 'Deductible Expenses' (under 'Foreign income, assets and entities: Foreign employment', NOT under 'Deductions'). Is this correct? Or should I combine all home office expenses (as an academic and an editor) and put the total figure under 'Deductions'?

Thank you in advance.

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ATO Certified

Community Support

Replies 0

Hi @ML,

 

Thanks for getting in touch!

 

We've provided an answer to your original question on Deductions for overseas earnings as a sole trader?.

 

Thanks, JodieH.

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Newbie

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Any ideas?

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Community Manager

Replies 0

Hello,
This question can be a little tricky so we have escalated it to our technical speciaists to make sure we give you the right information. We are just waiting for their reply. We will come back to you shortly.

In the meantime, one of the community experts my jump in and give their advice.

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Best answer

ATO Certified

Community Support

Replies 0

Hi @ML,

 

Thanks for getting in touch!

 

We've provided an answer to your original question on Deductions for overseas earnings as a sole trader?.

 

Thanks, JodieH.