An expense is an allowable deduction if it is incurred in the gaining or producing of assessable income or it is necessarily incurred in the carrying on of a business for the purposes of gaining or producing assessable income.

Expenses that are private in nature (including home to work travel and ordinary clothes worn to work), capital in nature or incurred in gaining non-taxable income are not allowable as a deduction.

Please contact us to discuss your possible deductions further.