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KimB96(Initiate)Initiate
1 July 2024

Hi all,


I'm using the platform coach accountable for my coaching business, and when the monthly fee is charged, a day or two later I receive a international transaction fee. Can I claim that fee on tax in the relevant FYR, and also how? I only have it as a transaction fee on my bank, no actual invoice for that part of the transaction.


Do I need to create my own invoice for the transaction with the coach accountable business details as the business and myself as the person invoiced?


I also pay for a virtual business address, but run the business online from home. Am I able to claim the rent paid on both locations towards the business or only one? If its only one, which one is the one I should be claiming?

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1 replies
248 views
1 replies

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Most helpful reply

AriATO(Community Support)Community Support
5 July 2024

Hi @KimB96


Bank fees are operating expenses businesses can claim. If you don't have an invoice you need to demonstrate it's a fee your business incurred and paid for.


We'd need more info about your circumstances for wanting to claim rent. You can reach out to us for tailored technical assistance and provide more info and we can work it out.

All replies

Most helpful reply

AriATO(Community Support)Community Support
5 July 2024

Hi @KimB96


Bank fees are operating expenses businesses can claim. If you don't have an invoice you need to demonstrate it's a fee your business incurred and paid for.


We'd need more info about your circumstances for wanting to claim rent. You can reach out to us for tailored technical assistance and provide more info and we can work it out.

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How to claim international bank transaction fees and rent for business expenses | ATO Community