What can i claim?

 Author: _SimoneATO(Community Support)Community Support

16 Feb 2021

Hi @SebastianLeo,

When completing your tax return, you're entitled to claim deductions for some expenses, most of which are directly related to earning your income.

To claim a work-related deduction:

There are three golden rules for what we accept as a valid business deduction.

• The expense must have been for your business, not for private use.

• If the expense is for a mix of business and private use, you can only claim the portion that is used for your business.

• You must have records to prove it.

If you've made a personal decision to purchase these items, it wouldn't usually meet the requirements to claim as a deduction, however if your understanding is different to ours, you can contact our early engagement team to ask for specialist advice. You can request a call back or email by completing the online form on our website.

The logbook method is only for sole traders or partnerships claiming for a car.

Records to be kept are:

• Receipts, invoices or similar documents for vehicle expenses other than petrol or oil expenses

• Record of total kilometers travelled during the logbook period, based on odometer readings

• A logbook for a continuous period of at least 12 weeks

• Odometer readings at the start and end of each year that this method is used

If you mean claiming fuel tax credits (FTC) you can check your eligibility using our online tool. If you're eligible, you'll be provided with the steps to register and claiming.

See our website for FTC eligibility for more information. You will be able to locate the early engagement online form and you can read more about logbook method on our website.