If you operate a small business (not a non-profit organisation) as a sole trader, partnership, company or trust at or from your home, you can use this guide to help you: claim home-based business expenses; understand how capital gains tax can apply to you; find out where to go for more information.
Below is a link to the Australian Taxation Office's ''Home-based business'' page.
http://www.ato.gov.au/businesses/content.asp?doc=/content/43191.htm
The questions and answers set out are a guide only and are not a substitute for the law. All references to legislation are to the Income Tax Assessment Act 1936 (ITAA 1936) unless otherwise specified. Please find the following link to the Australian Taxation Office's ''Division 7A - answers to frequently asked questions'' page.
http://www.ato.gov.au/businesses/content.asp?doc=/content/32059.htm
If the investment you are considering sounds too good to be true it probably is! Below is a link to the Australian Taxation Office's ''Investor warnings'' page.
http://www.ato.gov.au/atp/content.asp?doc=/content/19458.htm
