Wednesday, June 13, 2007

Work Related Expenses Under the Microscope


Last year over 7 million people claimed deductions for work related expenses totalling a whopping $12 billion.

The Tax Office has said it will be looking at claims for work-related expenses very closely.
For the 2007 tax return, the A.T.O. will be paying particular attention to claims for motor vehicles, self-education, home-office and travel.

The following guidelines should help when working out your claim:
  • you must have incurred the expense in the year you are claiming,

  • the expense must be work-related and not private,

  • if your employer has reimbursed you the expense cannot be claimed again,

  • if deducting more than $300 in total, you'll need written evidence to support your claim.


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The comments provided in this blog are general in nature and not intended to be specific advice. Each situation is different. You should discuss your circumstances with Alan (or another tax agent) to obtain individual advice before acting on any information.