As a professional running your business out of a specific location, you either pay rent or are buying property. When it comes to having records of your property and the right to claim expenses on this property, it is up to you to do so at the time of an audit.
If you are leasing property, the best way to do this is to have a copy of your lease available for that year with your business records for taxes. You should have any property and equipment purchased for that property also located with your tax files. If you are purchasing property, have your documentation readily available to show this.
The fact is that having these documents can help you to show that you have the grounds for claiming expenses against that property. Whats more, you will need to use them to claim depreciation.
