If part of your home has been set aside solely or primarily for the purpose of work, a home office deduction may be allowable. Heating, cooling, lighting and even office equipment depreciation all come under typical home office expenses.

In order to be eligible and claim the deduction, a diary must be kept for at least four weeks documenting the hours worked at home.

Visit www.ato.gov.au or your CPA Australia-registered tax agent for more information on home office expenses.

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