Before 1 July 2022, when an individual taxpayer incurred additional deductible expenses as a result of working from home (WFH), there was a choice of three methods to claim these expenses.
As a result of the release of PCG 2023/1 on 16th February 2023 by the ATO, from 1st July 2022 the following stands:
In addition to the above, other expenses associated with working from home, such as depreciation of home office furniture and a personally owned computer used at home for work purposes may be claimed on actual basis when using the above proposed rate.
To claim a deduction under the revised fixed-rate method, an individual needs to meet ALL three criteria;
The record of the actual hours worked from home could be maintained by timesheets, rosters, time-tracking apps, logs of time spent accessing employer systems or online business systems or a diary kept contemporaneously.
Should you need any further assistance or clarification on this matter, please don’t hesitate to contact us.
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