The guide discusses the taxpayer's obligations and other issues that need to be considered when operating a business from home.

Some of these issues include:

• the implications of operating a hobby business as opposed to a business (for profit);
• choosing the right structure to operate within; and
• registration obligations of the taxpayer.

Whether an activity is an enterprise or a business is seldom an easy question, advisers are regularly faced with this issue and will give you their guidance and the related issues including whether the home is a place of business (PBI rules) or might even become subject to some Capital Gains on disposal.

Source:  PlannerWeb