Hi all,
I am currently working as a sub contractor for a building company, and i do some work from home in the evenings or when its not convenient to go into the office.
I am looking at purchasing a new computer, but was told that i can claim a laptop as a business expense, but possibly not a desktop? I am operating as a trust, not a sole trader.
Any advice that you guys can give on this topic is much appreciated!!
Thanks all,
Lyndon
You should be able to claim either – or a portion of either.
Maybe you have heard about the double deductions available on laptops – this is where the employer buys a laptop for the employee and claim a deduction, the employee is also able to claim the deduction. This is only available on items exempt from FBT such as laptops (but not desktops), PDAs, Mobile phones and brief cases etc.
I think there may be some more information at http://www.bantacs.com.au , look for the pdf booklets.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Terry is correct about the double deduction available.
Hence if you are trade using a Company structure and are employee of that Company then you will be able to be both employer and employee.
Richard Taylor | Australia's leading private lender
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