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  • myTax 2019 Other deductions

    Complete this section if you have other expenses that you have not been able to claim as deductions elsewhere on your tax return.

    On this page:

    Essentials

    You may claim at this section:

    You cannot claim deductions for expenses incurred in actively seeking paid work if you receive Newstart Allowance or Youth Allowance as a job seeker.

    Depreciation and capital expenses

    Individual taxpayers generally can't immediately deduct spending on items costing more than $300; instead you claim the cost over time, reflecting the asset's depreciation (or decline in value).

    Depreciation claims need to meet the following conditions:

    • you must apportion your claim to reflect the percentage that the asset was used for income generation purposes.
    • you must have directly incurred the cost of the asset and it was not reimbursed.

    You can use the Depreciation and capital allowances tool to work out any decline in value deduction as well as any deductible balancing adjustment when you stop holding a depreciating asset.

    The tool can be accessed in the Deductions section on the Prepare return screen.

    Do not show at this section

    Do not show the following expenses at this section:

    • expenses relating to your work as an employee
    • expenses relating to income from carrying on a business as a sole trader (including personal services income or as a share trader)
    • expenses relating to investment planning and advice involving shares, unit trusts and interest-bearing deposits
    • losses from the disposal of shares or real property that are capital in nature.

    Other sections deal with these matters.

    Completing this section

    1. For each of your other deductions select Add, and:
      • select the Type of deduction
      • enter Your description. To assist in record keeping, add a short description of your expense.
      • enter the Amount.
       
    2. Select Save.
    3. If you are claiming election expenses, add up all your deductible election expenses. Enter the amount into the Election expenses field.
    4. Select Save.
    5. Select Save and continue.

    Note: If you used the Depreciation and capital allowances tool, fields containing information from the tool cannot be directly adjusted in myTax. To make any adjustments to this information, or to add new assets to the tool, select the Use the depreciation and capital allowances tool' link.

      Last modified: 26 Jun 2019QC 58819