GST and insurance transactions - completing your activity statement

Payment of an excess to someone other than an insurer

If you pay an excess to someone other than your insurer, you can claim a GST credit for the GST you pay in the price of the excess if:

• the party you pay is not acting as an agent for your insurer
• there is GST included in the amount you pay
• you receive a tax invoice.

Report the amount of the excess at G11 (non-capital purchases) or at G10 (capital purchases).

If you are using the:

• accounts method, report any GST credits you can claim at 1B (GST on purchases)
• calculation worksheet method, use the worksheet to calculate the amount to report at 1B (GST on purchases).