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Edited version of private advice
Authorisation Number: 1052258837980
Date of advice: 11 June 2024
Ruling
Subject: Work related deductions
Question
Are you entitled to claim a deduction for depreciation, insurance, registration, repairs, and maintenance on your caravan for the proportion of work related use?
Answer
Yes.
Based on the information provided to the Commissioner you can have a deduction for the depreciation, repairs and maintenance of your caravan that you use for work purposes.
This ruling applies for the following period:
Year ended 30 June 2023
Year ending 30 June 2024
Year ending 30 June 2025
Year ending 30 June 2026
Year ending 30 June 2027
The scheme commenced on:
1 July 2022
Relevant facts and circumstances
You work for Employer Z.
You need to attend remote work sites in several states as part of your role.
You own a caravan that you sometimes use for work purposes when staying at remote sites. You use the caravan for accommodation and as an office on site when performing your work.
Your employer organises for a location on site for your caravan or pays for site fees at a caravan park.
You need access to power for Internet, computer, computer screens, printers, etc. Without the access to the caravan you have no room for your equipment. You receive a meal allowance from your employer.
Your usual home is in State Z.
Your family remain living in your home while you are working.
You do not have family members visit you while you are on a work location.
You wish to claim the following:
• Depreciation
• Insurance
• Registration
• General maintenance such as wheel bearings, tyres, brakes, batteries, etc.
Relevant legislative provisions
Income Tax Assessment Act 1997 section 8-1
Income Tax Assessment Act 1997 section 40-25