All Topics / Legal & Accounting / proportion of rent????

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  • Profile photo of spider2spider2
    Member
    @spider2
    Join Date: 2003
    Post Count: 81
    April 10, 2004 - 11:37 pm

    I live in a 2Br unit here in Sydney. If I use one of the bedrooms as a study with a computer for property investment, what proportion of rent can I claim on my tax???. I currently pay $380 pw

    Thanks

    Bobby

    Profile photo of FFCommFFComm
    Member
    @ffcomm
    Join Date: 2004
    Post Count: 627
    April 11, 2004 - 1:32 am

    Depends on the size of the room compared to the rest of the house. Find out what % it accounts for and use that for your tax purposes.

    You may also have to draw up a floor plan to show the ATO.

    Rgds.
    Lucifer_au

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    April 13, 2004 - 2:33 am

    Probably nothing as you are not running a business from the house. You may be able to claim a portion of the heating and lighting etc. please check with an accountant as the ATO has been tightening up on this area recently.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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