You are entitled to claim deductions for some expenses that directly relate to your earning income. You can only claim deductions for items that were purchased in the same financial year as your income. You may not claim deductions on items you have been, or will be reimbursed for, and you may be required to provide written evidence for your claims.
Expenses you may be able to claim deductions for include the following:
- Vehicle
- Home Office expenses
- Travel
- Clothing (including dry-cleaning or laundry)
- Donations and Gifts
- Education
- Equipment, including tools and other assets
- Interest, dividends or income from other investments
Deductions you can claim was last modified: March 16th, 2015 by