SO, you wanto to claim everything you can?? 08/17/2011
Travelling in own car? A recent case held that the cost of travel from full-time place of employment to his part-time place of employment was deductible (ie work to work). Remember, however, that an employee cannot deduct the ordinary cost of travel to and from their usual place of employment. If you must carry very large bulky work items then maybe you can claim to and from home. Here's an idea: Ask your employer to give you a travel allowance, especially if you are in the building game. The award often has provision for this. You are entitled to claim reasonable travel expenses if incurred in the course of gaining income. And there is no direct evidence to be kept by you, so long as you claim less than the reasonable amounts in the tables of Taxation Determination TD 2010/19. Add Comment The Tax Office has indicated that they will be checking more carefully the 20010/11 tax year returns, and only allow appropriate work-related expenses. Contact us if you want to be sure you are claiming the correct tax deductions. Remember, the expense must be incurred within the year you are claiming it, and must be incurred in gaining or producing assessable income. If the total of expense is greater than $300 then you will need to keep substantiation papers. If the expense is private or capital in nature;or has been reimbursed by an employer then it cannot be claimed as a tax deduction. As usual the Tax Office are targeting specific occupation areas. This year it is: Earth-moving plant operators; Flight attendants; Carpenters and joiners, including apprentices and trainees; and Real estate employees. The Tax Office has released some guides that explain in detail what can and what cannot be claimed. Copies of these can be accessed here. |


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