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Is my handbag tax deductible?

June 11, 2017 0 Comments

Is my handbag tax deductible?

The ATO’s rules are simple; if a handbag is bought mainly (more than 50 per cent) or wholly for work, is used to carry work-related items and is an essential part of a person’s ability to earn an income, then a claim can be made. 

Yes you heard correctly, finally women’s handbags have been recognised as a legitimate tax deduction, but there are a few things you need tick off before you begin to shop until you drop.

Do you need your handbag to be able to do your job?

The ATO will look at your profession to determine the legitimacy of your claim. If you can prove that the handbag is a necessary work item then you can make your claim.

Is the handbag used 100% for work purposes?

This is where the ATO will love to see some documentation such as a logbook for at least a month of the use of the bag to prove it carried more than lipstick and your keys. If you are using your bag to carry work items to and from work, such as a laptop, work files, ipad and minor personal items, then you are in a good position to be able to claim a reasonable deduction for the cost of the handbag.

The size and cost does matter

The ATO will also look at the size of the bag, for example a larger tote would be seen as a more legitimate workbag for a woman to be able to carry files and a laptop. The cost is also important, before you go and spend a few thousand on that Gucci bag you have been eyeing off, the ATO will challenge excessive claims. If your purchase is below $300 you will have a better chance to get your claim over the line.

In summary, if you have purchased a handbag to use for work only then you are well on your way to make a deduction at tax time.

So why wait any longer……..start shopping!!!





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