Run my business from home as Sole Traders and Partnerships

What expenses can I claim?

– The types of expenses you can claim depend on how you operate your business out of your home.

– You can only claim deductions for the portion of your expenses that relate to running your business.

– You must keep records for at least five years to show that your business incurred the expenses and how you calculated your claim.

Business structure

Your business structure affects your entitlements and obligations when
claiming deductions for your home-based business expenses.

Sole traders and partnerships

If you operate your business as a sole trader or partnership, you can claim a deduction for the costs of running your business from home.
There are two types of expenses for your home-based business – running expenses and occupancy expenses.

Whether you can claim running expenses only, or both running and occupancy expenses, depends on whether you have an area of
your home set aside as a ‘place of business.’