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  • Part O: All other expenses



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Did you have any other business expenses?


    Go to Part P.


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    You need to know

    This is the total of all other expenses which you incurred in deriving your profit or loss and which you have not already shown elsewhere at item P8. Other expenses include wages, accounting and professional fees, advertising, office supplies and loss on sale of a depreciating asset as shown in your accounts.

    Capital and other non-deductible items (including debt deductions denied by thin capitalisation rules) shown at this part should also be included at H Expense reconciliation adjustments in the RECONCILIATION ITEMS section item P8 on your schedule. See Part E Reconciliation adjustments for more information.

    More information on thin capitalisation is available above.

    Home office expenses

    If part of your home is specifically set aside as your place of business and is used solely for the purpose of conducting your business affairs and you have no other place from where they are mainly carried on, the following expenses are partly deductible:

    • occupancy expenses – including rent, mortgage interest, rates, and house and contents insurance
    • running expenses – including electricity, cleaning, depreciation, leasing charges and repairs to furniture and furnishings in the office.

    In most cases, you can apportion expenses on a floor area basis and, if the area of your home is a place of business for only part of the year, on a time basis.

    Where part of your home is used as a home office but it does not qualify as a place of business, only the additional running expenses you incur may be deductible.

    For further details, refer to Taxation Ruling TR 93/30 Income tax: deductions for home office expenses and Practice Statement PS LA 2001/6 Verification approaches for home office running expenses and electronic device expenses.

    You should keep records to show how you have calculated your home office expenses. The Tax Office may ask you for these at a later date.

    Completing this part

    Step 1

    Write your total other primary production expenses at All other expenses, Primary production column, item P8 on your schedule. Do not show cents.

    Step 2

    Write your total other non-primary production expenses at All other expenses, Non-primary production column, item P8 on your schedule. Do not show cents.

    Step 3

    Add up your other primary production and other non-primary production expenses and write the total amount at P item P8 on your schedule.

    Last modified: 18 Feb 2020QC 27547