[LINK] Working at home

Karl Auer kauer at biplane.com.au
Wed Aug 4 12:06:17 AEST 2021

On Wed, 2021-08-04 at 11:40 +1000, David wrote:
> Surely genuine out-of-pocket expenses are allowable personal tax
> deductions

This is something that really gets my goat :-)

A tax deduction is not the same as money in the hand. And the less tax
you pay, the less meaningful a tax deduction is.

Added to which, if you have claimed tax deductions on your house you
will end up paying a proportional amount of capital gains tax when you
sell the house.

So no. Just - no. If an employer is using my assets to make money, then
they can pay me accordingly and THEY can deduct the expenses.

There may still be tax implications for me, but they will be way
simpler, and can generally be cast as an allowance or as a (generally
tax neutral) reimbursement.

But I'm not an accountant, so this could all be wrong :-)

Regards, K.

Karl Auer (kauer at biplane.com.au)

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