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Newbie

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I have recently applied to have my ABN reinstated. I am still waiting for this to be approved. Can I buy a new laptop now, or do I need to wait for the ABN to be approved to be able to claim? I set the start date as the same as the application date.
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ATO Certified

Community Support

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Hi @jessmhenn

 

Generally you can claim a deduction in the financial year the purchase was made. A criteria does apply though and  I recommend reading through record keeping and deduction information that we have in an easy to follow flyer.

 

Hope this helps.

 

Ari

1 REPLY 1
Highlighted

Best answer

ATO Certified

Community Support

Replies 0

Hi @jessmhenn

 

Generally you can claim a deduction in the financial year the purchase was made. A criteria does apply though and  I recommend reading through record keeping and deduction information that we have in an easy to follow flyer.

 

Hope this helps.

 

Ari