What expenses are tax deductible in australia?
Generally speaking, expenses incurred in earning your taxable income are deductable. But there are specific rules for most deductions, and it depends on your specific circumstances.
If you are trying to do your tax return, i'd suggest reading Taxpack (can pick up a copy from the post office), looking up your expenses on the ATO website, www.ato.gov.au , if you are in doubt or not confident about it i'd recommend going to your friendly local accountant, they'll only be too happy to help, and their fees are tax deductable.
Good luck. |
