• What you can claim and when

    You can claim a deduction for most expenses you incur in running your business as long as they are directly related to earning your assessable income.

    This video explains the expenses you can and can’t claim as a deduction in running your business.


    You can generally claim operating expenses (such as office stationery and wages) in the year you incur them. However, you typically claim capital expenses (such as buildings, machinery and equipment) over a longer period of time.

    Follow the links below for more information on:

    Last modified: 13 Mar 2015QC 33725