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15 August 201907:27 AM - edited 15 August 201907:28 AM
I travel form Sydney to Melbourne a couple of times a year for a max of 5 nights at a time. I work as a contractor (PAYG not self employed). When I travel, I pay for my own meals, car rental, flights, etc. and I don’t claim these back from my employer.
Can I claim these as a deduction when I do my tax return? What records do I need to keep?
Also for meals can I claim the max allowance set by the ATO rather than having to keep receipts for the actual costs?
15 August 201902:42 PM - edited 15 August 201902:44 PM
First of all, if you are required to travel for work then your employer really needs to compensate you $ for $ for your expenses as a reimbursement, if they do you will get back 100% of what you spent.
Any deductions that you claim in a tax return you will only get back at your nominal tax rate.
If you also don't receive a "Travel Allowance" from your employer then you are required to keep all receipts for anything claimed.
You can not claim the maximum allowance.
Having a letter from your employer stating this travel was work-related will also help.