Eyeing that tax rebate? Knowing what expenses you can claim is your golden ticket. Here’s what you need to know:
Travel Costs:
Driving to different sites? You can claim for fuel, insurance, repairs, and parking. Public transport costs for work trips count too.
Tools and Equipment:
Bought tools or equipment for the job? Those are claimable. This includes any repair or replacement costs.
Clothing:
Workwear specific to your job, like safety boots or helmets, can be claimed. Regular clothes, even if you wear them for work, are a no-go.
Materials:
Any materials bought directly for a job? Yep, you can claim those.
Home Office:
Working from a corner of your home? You might claim a portion of your heating, electricity, or internet bills.
Professional Fees:
Memberships to trade bodies or unions, and fees for services like accountants, can be on your list.
Training:
Courses to improve skills directly related to your work? Those can be claimed as well.
Tips:
- Keep receipts or proof for all expenses.
- Make sure the expenses are purely for work.
There you have it. With this info, you’re ready to maximize your tax rebate.