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wiz(Champion)Champion
18 July 2021

I was wondering if I purchase an item that's claimable and I am invoiced on 1st of May 2020 but I dont pay for the item until 1st of September 2020 which income year do I claim the expense? Say the company I'm purchasing from is extremely lenient with payment dates.

20,093 views
4 replies
20,093 views
4 replies

Most helpful response

Most helpful reply

BlakeATO(Community Support)Community Support
19 July 2021

Hi @wiz


@Fluxpavillion is right. For individuals, you need to report the deduction in the year you pay for the expense.


For your expense, if you are given the invoice in May 2020 (2019-2020 financial year), but don't pay for the item until September 2020 (2020-2021 financial year), you need to claim it in the 2021 year (when you paid it).


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