A-Z index

Deductions you can claim

Claiming deductions when receiving PSI
If you received personal services income (PSI) and the PSI rules apply, the rules limit the deductions you can claim against this income.
Deductions
This information has been refreshed. You can claim a tax deduction for most expenses you incur in carrying on your business as long as they directly relate to earning your assessable income.
Deductions for home-based business expenses
If your home is also your place of business, you can claim income tax deductions for a portion of the costs of owning, maintaining and using your home for this purpose. When you sell your home you may be liable for capital gains tax.
Deductions for motor vehicle expenses
The deductions you can claim for motor vehicle expenses depends on your business structure, the type of vehicle, and how the vehicle is used.
Deductions for repairs, maintenance and replacement expenses
Businesses may be able to claim for non-capital repairs, maintenance or replacement of machinery, tools or premises used to produce business income.
Deductions for salaries, wages and super
Business owners can generally claim a tax deduction for salaries and wages paid to employees and for superannuation contributions made for them and certain contractors.
Deductions you can claim
When completing your tax return, you're entitled to claim deductions for some expenses, most of which are directly related to earning your income.
Income and deductions for business
This information has been refreshed. Most income received from carrying on a business is assessable for tax purposes. You can claim deductions for expenses and may be eligible for concessions, offsets and rebates.
Losses
If your business makes a loss, you may be able to carry it forward, or offset it against other income, depending on your business structure.