Some of our members run home based businesses. If your home is also your place of business, you may be able to claim income tax deductions for a portion of the costs of owning, maintaining and using your home for this purpose. When you sell your home you may be liable for capital gains tax. It's important you keep the right records.
Find out more
To find out more, you can watch the ATO's Home Based Business Webinar which provides information about claiming home-based expenses and understanding how capital gains tax may apply.