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Other deductions

How to complete myTax if you have other deductions.

18 June 2015

You are not eligible to use myTax this year, if you want to claim for:

  • a prior year tax loss
  • low value pool deductions
  • personal superannuation contributions
  • project pool deductions
  • forestry managed investment scheme deductions
  • other deductions including
    • election expenses for local, territory, state or federal candidates
    • income protection, sickness and accident insurance premiums
    • foreign exchange losses
    • debt deductions incurred in earning assessable income that are not disallowed under the thin capitalisation rules and have not been claimed elsewhere
    • debt deductions incurred in earning certain foreign non-assessable non-exempt income that are not disallowed under the thin capitalisation rules
    • amounts related to a business or personal services income
    • non-capital losses incurred on the disposal or redemption of a traditional security
    • interest incurred on money borrowed to invest under the infrastructure borrowings scheme if you intend to claim a tax offset
    • self-education expenses you incurred in doing a course to satisfy the study requirements of a bonded scholarship.
     

Use e-tax this year, but check again next year because we will continue to improve myTax.

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