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Other deductions

How to complete myTax if you have other deductions.

Last updated 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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