Money magazine Comments - What tradies can claim on tax Can tradies claim the cost of tools on tax? What about work clothes or PPE? We explain eight top tax deductions for tradespeople. https://www.moneymag.com.au/feed/latest?story=179800305 Wed, 05 Jul 2023 17:31:09 +1000 Wed, 05 Jul 2023 17:31:09 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - What tradies can claim on tax https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Sam Collins ()

Are you sure about claiming prizes for students? The ATO website states 'You can't claim private expenses such as gifts you purchased for students'.

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]]> Sam Collins () Wed, 05 Jul 2023 17:31:09 +1000 Comment by Glenn Warren ()

My wife is an infants teacher and was subjected to an ATO audit for the 21/22 tax year. In respect of your advice that "Prizes that you purchase to reward the achievements of your students and encourage future performance are claimable", the ATO advised my wife the following (direct quote from the audit outcome letter): "Based on your spreadsheet summaries, your claimed classroom resources include rewards and incentives provided to students. You can't claim a deduction for the cost of items you supplied to meet students' personal needs, or items in private

nature."

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]]> Glenn Warren () Tue, 02 Apr 2024 13:16:15 +1100