Private ruling: Occupancy and running expenses incurred in operating a business from home
Date of advice: 20 November 2015
Published: July 2016

Ruling: Q1: Are you entitled to a deduction for occupancy and running expenses for an area of your residence that is used as a place of business in terms of section 8-1 of the Income Tax Assessment Act (ITAA 1997)? | A1: Yes | Q2: Does the Commissioner accept the calculation method set out at item 13 of the private ruling application? | A2: No




Subject: Occupancy and running expenses incurred in operating a business from home: In order to protect the privacy and commercial in-confidence components of this private binding ruling the following question and answer is provided.