The ATO has put together some excellent resources for calculating your work from home expenses during Covid whether you’re an employee, a sole trader or working on your business.
If you’re an employee who works from home, you may be able to claim a deduction for expenses you incur that relate to your work.
To claim your working from home expenses you must:
- be working from home to fulfil your employment duties, not just carrying out minimal tasks, such as occasionally checking emails or taking calls
- incur additional expenses as a result of working from home.
If you’re a sole trader or business owner and your home is your principal place of business, see Deductions for home-based business expenses.
To check which method you should use please click here or call us to set up an appointment.
The following expenses cannot be claimed:
You can’t claim a deduction for the following expenses if you’re an employee working at home:
- coffee, tea, milk and other general household items your employer may provide at work
- equipment you buy for your children’s education – for example, iPads and desks
- items your employer provides – for example, a laptop or a phone
- any items where your employer pays for or reimburses you for the expense.
As an employee working from home, generally:
- you can’t claim occupancy expenses, such as rent, mortgage interest, water and rates
- there will be no capital gains tax (CGT) implications for your home.