Tax deductions for home office (Australia)

[@ianchan6489]

Hi, may I know the home office expenses can apply for operating on my Stock/Bond/ETF investment which need laptop/Internet to operate. Thanks

[@BeyondAccountancy]

Hi Ian. You can claim deductions in the same way an employee working from home can, except you cannot use the 80c/hr shortcut method. You'll need to claim 52c/hr, plus the investment-related percentage of internet use. For the laptop, you'll need to depreciate over two years and adjust for work use %. Hope that helps!

[@carlmay8314]

Jarrod good info. Mate I would love to know what are the best Industries to invest/start in Australia in respect to good tax benefits and write offs. Would be awesome if you could do a you tube vid on this.

[@salmintheaccountant]

Depends on what your current situation is.
The property market has been a huge loophole for the last 20 years. Lots of tax loopholes for property investors.
Just did a video on how trusts accomplish this. Hate to plug it, but give it a look.

[@avshiva]

Jarrod, what is the 80c/hr method?

[@stevethea5250]

that's the shortcut method if you can't be bothered working out all your deductions i believe

[@avshiva]

@@stevethea5250 thank u

[@stevethea5250]

@@avshiva HEY i'm no expert btw , you can jump on Whirlpool forums and check the Finance/Tax pages.

[@avshiva]

@@stevethea5250 Thank You

[@mike.t.0007]

Thanks Jarrod, appreciated this 101

[@Ylambo1900]

Thanks Jarrod.

[@chrispel84]

good info and clearly presented

[@muzzworld]

Nice info Jarrod