"The ruling closes a tax 'loophole' that could have cost the government billions of dollars as more employers adopt hybrid work models, with employees working partly or fully from home."
"The ATO is going to throw everything at it to ensure that it's not deductible because if you think about how many people would then start claiming rent as an employee, it's going to be massive."
"The decision comes as the Victorian government prepares to give workers the legal right to work from home two days a week if they can reasonably do so."
"The ATO has welcomed the Full Federal Court's decision, which it said confirmed longstanding principles around the deductibility of expenses related to working from home and travel to and from work."
The Federal Court ruled against Ned Hall's claims for $5,878 in rental deductions and $1,148 in travel costs while working from home during Covid-19 lockdowns. This decision is significant as it addresses tax deductions related to hybrid work models. The ruling closes a potential tax loophole that could have cost the government billions. The ATO supports the decision, emphasizing the importance of established principles regarding the deductibility of home office expenses and travel.
Read at Yahoo Finance
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