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Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
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Re: Declaring tax for ebay sale and deductions

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Replies 1

I am currently selling plants on ebay (as a second job) and making profit. I have been buying packaging material on ebay, and buying plants and postage sachets via paypal. I am currently hiring a piece of land to store the plants (which I pay on paypal and direct deposit). Can I use these transactions, paypal fees and ebay fees as deductables?

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Most helpful response

ATO Certified Response

ATO Community Support

Replies 0

Hi @forevermango,

 

Thank you for getting in touch with us!

 

These are cost associated with running you business and can be claimed. You can find more information on claiming these kind of expenses under Claiming a tax deduction for other operating expenses.

1 REPLY 1

Most helpful response

ATO Certified Response

ATO Community Support

Replies 0

Hi @forevermango,

 

Thank you for getting in touch with us!

 

These are cost associated with running you business and can be claimed. You can find more information on claiming these kind of expenses under Claiming a tax deduction for other operating expenses.