ATO Guidelines - Adult Workers
Discussion
Was browsing the ATO website, and couldn't believe it when I came across this:
ATO said:
Clothing
You can only claim a deduction for the cost of clothing you use solely for earning income, including costumes and lingerie. You cannot claim a deduction for items such as dresses, skirts, blouses, trousers, shirts and shoes for everyday use.
Consumables
You can claim a deduction for consumable items you use solely for earning income, including condoms, lubricants, gels, oils and tissues.
Dance lessons
You can claim a tax deduction for the cost of classes you take to maintain your existing dance skills or to learn new dance skills.
Fitness
You cannot claim a tax deduction for the cost of maintaining your general fitness and body shape.
Tools and equipment
You can claim the cost of replacing or repairing equipment (that is, fetish equipment), adult novelties (such as vibrators), and other items you use in your work. You cannot claim the full cost of such items in the year you purchased them as they are classified as capital expenses. However, these can be depreciated or 'written down' over their effective life. Under the simplified depreciation rules, you can immediately depreciate the total cost of capital items you purchase for less than $1,000 if both of the following apply:
Can't imagine HMRC producing this guide....You can only claim a deduction for the cost of clothing you use solely for earning income, including costumes and lingerie. You cannot claim a deduction for items such as dresses, skirts, blouses, trousers, shirts and shoes for everyday use.
Consumables
You can claim a deduction for consumable items you use solely for earning income, including condoms, lubricants, gels, oils and tissues.
Dance lessons
You can claim a tax deduction for the cost of classes you take to maintain your existing dance skills or to learn new dance skills.
Fitness
You cannot claim a tax deduction for the cost of maintaining your general fitness and body shape.
Tools and equipment
You can claim the cost of replacing or repairing equipment (that is, fetish equipment), adult novelties (such as vibrators), and other items you use in your work. You cannot claim the full cost of such items in the year you purchased them as they are classified as capital expenses. However, these can be depreciated or 'written down' over their effective life. Under the simplified depreciation rules, you can immediately depreciate the total cost of capital items you purchase for less than $1,000 if both of the following apply:
- you operate a small business
- you have elected to use the small business entity provisions.
Mattt said:
Was browsing the ATO website, and couldn't believe it when I came across this:
You can, you just need to know where to look - hence accountants knowing this stuff. In the UK the govt has got it wrapped up as most PAYG taxpayers are convinced 'look how easy it is you don't need to do a tax return just let PAYG deal with your tax' so people dont do their own returns. Here it's mandatory so you can get stuck into the deductions.ATO said:
Clothing
You can only claim a deduction for the cost of clothing you use solely for earning income, including costumes and lingerie. You cannot claim a deduction for items such as dresses, skirts, blouses, trousers, shirts and shoes for everyday use.
Consumables
You can claim a deduction for consumable items you use solely for earning income, including condoms, lubricants, gels, oils and tissues.
Dance lessons
You can claim a tax deduction for the cost of classes you take to maintain your existing dance skills or to learn new dance skills.
Fitness
You cannot claim a tax deduction for the cost of maintaining your general fitness and body shape.
Tools and equipment
You can claim the cost of replacing or repairing equipment (that is, fetish equipment), adult novelties (such as vibrators), and other items you use in your work. You cannot claim the full cost of such items in the year you purchased them as they are classified as capital expenses. However, these can be depreciated or 'written down' over their effective life. Under the simplified depreciation rules, you can immediately depreciate the total cost of capital items you purchase for less than $1,000 if both of the following apply:
Can't imagine HMRC producing this guide....You can only claim a deduction for the cost of clothing you use solely for earning income, including costumes and lingerie. You cannot claim a deduction for items such as dresses, skirts, blouses, trousers, shirts and shoes for everyday use.
Consumables
You can claim a deduction for consumable items you use solely for earning income, including condoms, lubricants, gels, oils and tissues.
Dance lessons
You can claim a tax deduction for the cost of classes you take to maintain your existing dance skills or to learn new dance skills.
Fitness
You cannot claim a tax deduction for the cost of maintaining your general fitness and body shape.
Tools and equipment
You can claim the cost of replacing or repairing equipment (that is, fetish equipment), adult novelties (such as vibrators), and other items you use in your work. You cannot claim the full cost of such items in the year you purchased them as they are classified as capital expenses. However, these can be depreciated or 'written down' over their effective life. Under the simplified depreciation rules, you can immediately depreciate the total cost of capital items you purchase for less than $1,000 if both of the following apply:
- you operate a small business
- you have elected to use the small business entity provisions.
If you do your own return online it tells you how much you can claim without a receipt which is very helpful.
How does 5000kms at 75c a km without proof sound. If you earn between $34-80k that's 30% of $3750 back in your pocket right there...as long as you actually do it (just in case the ATO )
It's not unheard of for people to register an ABN and claim every meal, night out, fuel, etc mon- fri as 'consulting costs' for their clients.
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