Gaming Monitor as Work Deduction Spending for EOFY

LKelpRunner on 19/06/2023 - 08:39
Last edited 19/06/2023 - 09:08

What is your experience claiming electronic goods that border on the edge of office use and personal pleasure due to way the product description is how it is?

I am currently looking for 2x 2k ips monitors for WFH uses, but I'm worried I might not be able to claim them as deductions since these particular ones has "gaming" in the name (Samsung G50A GAMING MONITORS https://www.ozbargain.com.au/node/782315). After hours of research, decent monitors that don't break the bank all fall in the gaming monitor category.

I've seen some people say the ATO refused Bose NC700 headphones due to it being a "luxury personal good". I refered to the ATO's website but the conclusion they draw on such goods are "it depends", which isn't comforting.

Have you successfully claimed gaming monitors as a work deduction spending?

Financial Tax Deduction

Comments

  • CyberMurning on 19/06/2023 - 08:44
    +3

    Dont think ato care such a small value items.. so many other bigger loopsholes they need to watch….

    • Chandler on 19/06/2023 - 19:58
      +1

      so many other bigger loopsholes they need to watch

      Just ask PwC - they know a loophole or two…

  • Ramennightmare on 19/06/2023 - 08:49
    +7

    Regardless of what the name of the product, it all comes down the intention or purpose of the product you intent to use it for.

    You can buy a $5000 Razer Laptop for your work if you wish, as long as you have the data to back it up and do proper private & business split.

    • Stopback on 19/06/2023 - 09:13
      -4

      You can't buy a pc and load it with GPUs and claim it all if all you do is excel sheets

      • Ramennightmare on 19/06/2023 - 09:25
        +6

        You still can, if you prefer to run Excel spreadsheet on multiple 4k or 8k display, you certainly need the horsepower of powerful GPU & CPU. Obviously, you can't buy multiple GPUS for 1 pc and don't think SLI is still a thing these days too.

        At the end of the day, it all comes down to the split and the log behind it to back up your claim.

        You can buy a RTX 4090 for doing spreadsheet and don't game on it, then claim 100% deduction. The question here is who would do that?

      • idonotknowwhy on 19/06/2023 - 10:55
        +2

        Yeah you can. You need your hot backup system ready to go in case of a hardware failure.

  • Porker on 19/06/2023 - 08:51
    +3

    Those monitors, as I understand, are above the minimum threshold for straight deduction ($300). You'll need to claim them as a depreciated item.

    Since WFH, I've basically claimed basically all new computer items (including gaming) in my return, including Xiaomi 34 widescreen, Dell 32 gaming monitor, 2x 27 monitors, mechanical keyboard, gaming chair.

    I went through my accountant and they know I like to push the limit. I did mention that while it says 'gaming' in some of the titles, it's what was available at the time of purchase to suit my needs and some non-gaming (titled) items were more expensive.

    • CyberMurning on 19/06/2023 - 11:43

      Do you actually still using those 4 monitors or already sold them some?

      • Porker on 19/06/2023 - 12:20

        The 2x 27 monitors were $299 each so both could be claimed. But I sold them in the next year and bought the Xiaomi and dell 32.

  • CrowReally on 19/06/2023 - 08:52
    +3

    All you have to do to claim it as a 100% work deduction is use it 100% for work purposes (and be able to prove it if they ask - are there games/TV shows on the machines, logs of when it was run, I guess - burden of proof is on you, not them, so figure out how you'd do this).

    If you think you spend about half the week using it for gaming and half of it for work, then claim 50% as a work deduction. And so on.

  • Protractor on 19/06/2023 - 09:05
    +8

    Farmers milk the diesel fuel rebate on every car,tractor,RAM pulling the caravan to the holidays,wife going shopping in the big smoke etc, junior doing burnouts in the lifted Ranger,etc to a collective national total of billions of dollars, every year. Ever heard of a single audit of the ag sector? Buy the gaming screens dude.

    • CrowReally on 19/06/2023 - 09:36
      +1

      This is the "why aren't you out there capturing the real criminals and there's murderers walking around everywhere" thing you say when the cops pull you over for speeding.

      Personal responsibility is an adult thing, it's worth giving a go.

      • Protractor on 19/06/2023 - 09:43
        -1

        Yeah nah not the same.
        Thanks for the feedback. Imagine what that extra massive $$ in revenue dodged would mean to the health system,aged care etc. These operations are commodity exporters, not a bad lifestyle (tax payer underwritten on multiple levels) .
        I'm actually encouraging OP to take personal responsibility..The ag sector never will.

        • CrowReally on 19/06/2023 - 10:09

          OP: Hi, I'm wondering if I should claim a tax deduction for some gaming monitors? I don't want to make a dodgy deduction.

          PRO: Farmers RIP OFF BILLIONS OF DOLLARS IN DODGY FUEL TAX DEDUCTIONS have you ever heard of THEM getting checked? Go for it.

          CRO: Justifying your behaviour because you think other people do worse things is not a sign of personal responsibility.

          PRO: I never said that! But think of all the extra stuff they dodge, which is clearly relevant to OP's question!

          Back to clown town with you.

          • Protractor on 19/06/2023 - 10:26
            -1

            @CrowReally: Yes sir!
            Right sir!
            Thanks for the opportunity to speak.
            By the way, can I borrow your frequent flyer membership card?

            • CrowReally on 19/06/2023 - 10:30

              @Protractor: (frequent flyer membership card then goes missing, when asked about it: "YEAH WELL WHAT ABOUT THE SALARIES POLITICIANS GET, THEY BARELY DO ANY WORK AND THEY GET FREE TRAVEL AND THEY ALL RORT THE SYSTEM")

  • Wafflel on 19/06/2023 - 09:16
    +2

    You can claim the monitor, just make sure to apportion it for work vs personal use, and only claim depreciation if the deduction is over $300 after apportionment.

  • mini2 on 19/06/2023 - 11:05
    +1

    Everything's legitimate until the ATO ask please explain. Talk to an accountant if you're uncertain.

  • djsweet on 19/06/2023 - 11:19
    +3

    If you're using it for work then its legit. If you are using it to game a couple of hours a day just use an 80% deduction (or whatever split it is based on your usage). As long as you don't lie on your return you will be fine.

  • bjd533 on 19/06/2023 - 16:42

    Obviously not a guarantee but I've always just been straight up honest. I'll buy high end gaming gear every 4 - 5 years and say it's 50-50 work/leisure which is the truth. Haven't had a problem to date.

    Rightly or wrongly purchasing gaming gear and saying it's for 100% business does catch the eye, however. You're not doing anything wrong but too many people try this sort of thing on.

  • Ghost47 on 19/06/2023 - 18:25

    Nice try ATO.

  • brad1-8tsi on 19/06/2023 - 21:15

    When I do my tax deductions I use generic terms for everything.

    The ATO doesn't need or want to know what brand phone I bought, who my internet is with or what brand work boots I wear.

    If I spend 8-10 hours a day in front of a monitor writing reports, massaging spreadsheets, etc then a high quality monitor is a necessity.

    If I'm doing 4 hrs of zoom meetings then decent headphones are a must

    • CrowReally on 20/06/2023 - 13:27

      So your theory is they're checking the narration of the expense first and THEN how big the amount is, instead of just checking how big the amount is?

      • brad1-8tsi on 20/06/2023 - 13:49

        If that's how you interpret it. I don't know what their process map looks like.

        OP appears to write quite specific things on their deductions list.

        • CrowReally on 20/06/2023 - 14:21

          Fair enough, cheers

  • BartholemewH on 20/06/2023 - 19:54

    ATO could not care less. Enthusiasts think everyone must know what these model numbers mean, but they don't.

    This is not tax advice.

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