What are you claiming? (Tax-Time Write Offs)

QW3RTY on 24/06/2014 - 16:29

Hey guys;

There's a whole lot of stuff that gets pumped through the gates of OzBargain that helps us save money on the things we want, the things we need and the things that we didn't know we wanted or needed until we already found ourselve on the PayPal Payment Confirmation screen. (I call these "OzBlackouts").

But I'm just about to stick through an order for a Google Nexus 7 and claim a concessional amount for business purposes, and I was just interested to see if anybody else was on the same page. Are you pulling the trigger on some neat tech for business purposes? Maybe that new Aero Chair? Maybe 140kgs of Enloops? Or maybe just nine PS3 consoles?

So, OzBargain, what're you claiming?

General Discussion

Comments

cloudy on 24/06/2014 - 16:32

tablets are easy to claim, but don't forget you have to actually depreciate it over a life of 2 years.

So if you buy today, you can't claim much.

I'm claiming my tablet, some magazine purchases relating to investing, some stationary and crp. Thats about it.
- mskeggs on 24/06/2014 - 17:58
  
  Isn't it the case that that can be written off in one year if they are <$300, or the value attributable for business use is <$300?
  - cloudy on 25/06/2014 - 09:58
    
    never heard of such a rule for individuals.
    
    And i'm not a business, i dont run with a ABN so i wouldn't know.
    - mskeggs on 25/06/2014 - 14:13
      
      Rules on deductions like this:
      https://www.ato.gov.au/Individuals/Income-and-deductions/Ded…
Hotpotcorn on 24/06/2014 - 17:25

+3

INTERNET FOR PAY CHECK PURPOSES,
Pooky1 on 24/06/2014 - 19:01

My kid's school keep sending messages regarding donations to the school building fund and the like are tax deductible. As a first year school parent last year I didnt realise this so didnt claim it. Im hoping to be more vigilant this time around ;) Im sure there are many more examples that I dont know about too.
- sparkles on 24/06/2014 - 22:34
  
  You could change your tax return for last year by doing an amendment. Depending on the amount, might be worthwhile.
729fx on 24/06/2014 - 23:28

Fuel expenses for travelling to work required training.
Professional membership fees.
$150 for laundry - cleaning uniform that has corporate logo.
Donations.

My profession is Mechanical Engineering.
puffinfresh on 25/06/2014 - 15:04

Internet, home phone, mobile phone, iPad, a bit of travel, pebble steel, home loan interest for rental, land rates, wemo light switches, dishwasher. That's all that comes to mind right now.
- siraitken on 25/06/2014 - 15:12
  
  +1
  
  I'm sure you're claiming your full entitlements on your rental but here is a list of common items…
  
  Advertising for Tenants
  Body Corporate
  Borrowing Expenses (Pro-Rata)
  - Stamp Duty on Mortgage
  - Loan Establishment Fees
  - Title Search Fees
  - Preparing/Filing Mortgage Documents
  - Mortgage Broker Fees
  - Valuation for Loan Approval
  - Lenders Mortgage Insurance
  - Homeloan Application Fee
  Bank Fee's & Charges
  Cleaning
  Council Rates
  Capital Allowances / Depreciation
  Gardening / Lawn Mowing
  Landlord Insurance
  Home Insurance
  Home Loan Interest
  Line of Credit Interest
  Land Tax
  Legal Fees
  Pest Control
  Property Agent Fees & Commission
  Repairs & Maintenance
  Capital Works
  Stationary / Phone / Postage
  Travel Expenses
  Water Charges / Rates
  Sundry Rental Expenses
  - puffinfresh on 25/06/2014 - 15:23
    
    Thanks! I've only just obtained the property, so it's good to have a list like that.

What are you claiming? (Tax-Time Write Offs)

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