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Edited version of your private ruling
Authorisation Number: 1012555818078
Ruling
Subject: Other work related expenses
Are you entitled to a deduction for the time spent updating your safety books?
Answer
No.
This ruling applies for the following period
Year ended 30 June 2013
The scheme commenced on
1 July 2012
Relevant facts
You are an employee.
Your employer requires you to update safety books weekly, which takes you a minimum of one hour per week. This must be done in your own time.
You wish to claim a deduction based on the hourly rate that your employer pays you to work.
Relevant legislative provisions
Income Tax Assessment Act 1997 Section 8-1
Reasons for decision
Section 8-1 of the Income Tax Assessment Act 1997 allows a deduction for all losses and outgoings to the extent to which they are incurred in gaining or producing assessable income except where the outgoings are of a capital, private or domestic nature, or relate to the earning of exempt income.
You incur an outgoing at the time you owe a present money debt that you cannot escape.
In your case, while it is accepted that you spend time updating the safety books, a deduction is not available for the notional expense of ones own labour as you are not actually incurring expenses for your time. Therefore, you are not entitled to a deduction for your time to update the safety books.
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