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  • Books, periodicals and digital information

    You may be able to claim a deduction for books, periodicals and digital information expenses you incur as part of earning your employment income.

    'Digital information' includes:

    • online subscriptions
    • electronic published material, such as e-books or e-journals
    • other purchased digital materials.

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

    • It is predominantly used for earning assessable employment income (that is not income from carrying on a business).
    • It is not part of a set of assets acquired in the same income year that costs more than $300.
    • It is not one of a number of identical or substantially identical items acquired in the same income year that together cost more than $300.

    If the item cost more than $300, or is part of a set that cost more than $300, you can add it to your professional library and claim a deduction for the decline in value.

    See also:

    Last modified: 15 Jun 2020QC 31988