Calculating floor area of your house
Question from Rudi updated on 4th September 2007:
Hi, what is the total floor area? Does it include bathroom and kitchen, or is it only a summary of all bedrooms plus lounge. We try to figure out what we have to divide our office area by for tax purposes.
Our expert responded:
I am assuming you are asking this question in relation to calculating your home office expenses. The total floor area refers to the total floor area of your house which includes all rooms in the house regardless of what they are used for.
Kenina Court is a director of Acorn Solutions Limited, an accounting firm dedicated to working with clients to help them create wealth. She is an avid property investor, entrepreneur and seminar presenter on asset protection and wealth strategies.
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