FAQ: Do I qualify for this tax deduction if I have renovated a room in my home for the sole purpose of my office space (can I claim for the renovation)?

This will depend on whether the renovation constitutes a repair or an improvement. Repairs may qualify for a deduction if all the requirements are met, but improvements are not deductible. Further, expenditure and losses incurred prior to the commencement of trade would not be eligible for deduction as these are not permitted under the legislation applicable to home office claims.

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