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  • Books, periodicals and digital information

    You can claim a deduction for books, periodicals and digital information you use as part of earning your employment income, if you incur the expense.

    Books and periodicals may include library subscriptions, academic journals, technical journals, reference books and similar.

    Digital information services may include online subscriptions, electronic material, such as e-books or e-journals and other digital materials you buy.

    Work out your deduction

    You may be able to claim either an immediate deduction or decline in value over the effective life depending on the cost of the books, periodicals or digital information.

    If the item costs $300 or less you can claim an immediate deduction where you satisfy all of the following requirements. The item:

    • is mainly used for earning your assessable employment income (not from carrying on a business)
    • is not part of a set of assets you acquire in the same income year, where the total cost of the set is more than $300
    • is not one of a number of identical or substantially identical items you acquire in the same income year that together cost more than $300.

    You can claim a deduction for the decline in value of items in your professional library, if the item either:

    • cost more than $300
    • is part of a set or a number of items that are identical or substantially identical that cost more than $300.

    Use the Depreciation and capital allowances tool to help you calculate the decline in value of a depreciating asset.

    See also:

    Last modified: 07 Jun 2021QC 31988