For individuals and companies
Read the ruleCost of managing tax affairs
Tax agent, BAS agent, recognised tax-advice and related costs incurred to manage tax affairs.
Deduction category
Finance and tax deductions
Loan interest, borrowing costs, bank fees, tax affairs, losses and other finance-related deductions, each linked to its ATO or legislative source.
28 rules in this category
Each rule keeps its eligibility, exclusions, calculation, records and ATO source together. Not sure where to start? Check your eligibility in the finder.
For individuals
For individuals
Read the ruleIncome protection insurance
Premiums for insurance that pays assessable income-replacement benefits if you cannot work.
For individuals
Read the ruleWorking Australians tax offset from 2027-28
An enacted non-refundable tax offset of up to $250 for eligible Australian resident individuals with net labour income above the tax-free threshold.
For individuals
Read the ruleForeign pension or annuity undeducted purchase price
The deductible return-of-capital component of an eligible foreign pension or annuity.
For individuals and companies
Read the ruleProject pool deduction
A yearly deduction for qualifying project amounts that are directly connected with a taxable-purpose project and are not otherwise deductible.
For individuals
Read the ruleElection expenses
Eligible costs of contesting an election for the Commonwealth, a state, the ACT or NT parliament, or an Australian local governing body.
For individuals
Read the ruleSharing economy and marketplace expenses
Income-producing expenses for platform or marketplace activity that is neither employment nor a business.
For individuals and companies
Read the ruleForeign exchange losses
Deductible foreign-currency losses under the forex realisation and election rules.
For individuals and companies
Read the ruleDebt deductions and thin capitalisation review
Debt deductions not claimed elsewhere after applying thin-capitalisation, debt-deduction-creation and related integrity rules.
For individuals and companies
Read the ruleSection 40-880 business capital expenditure
A five-year deduction for qualifying business-related capital expenditure that is not otherwise recognised for income tax purposes.
For individuals
Read the ruleNet personal services income entity loss
An individual's deduction for an attributed net personal services income loss of a personal services entity.
For individuals
Read the ruleCapital expenditure after ceasing primary production
A review of whether a specific primary-production capital-allowance provision continues after the relevant business has ceased.
For individuals
Read the ruleOther statutory deduction review
Check an unusual amount against the exact tax provision that may allow it and the correct return label.
For individuals and companies
Read the ruleBank fees and merchant charges
Transaction, account and payment-processing fees incurred through business banking or merchant facilities.
For individuals and companies
Read the ruleBusiness loan interest
Interest on funds used to acquire business assets, finance operations or meet current business expenses.
For individuals and companies
Read the ruleBusiness borrowing expenses
Eligible costs of arranging business finance, such as loan establishment fees, lender charges and security-registration costs.
For individuals and companies
Read the ruleBusiness royalty expenses
Domestic or overseas royalties incurred in earning assessable business income.
For individuals and companies
Read the ruleForeign resident withholding expenses
Expenses of a foreign resident individual business or company directly related to Australian income subject to foreign resident withholding.
For individuals and companies
Read the ruleBusiness legal, accounting and professional fees
Professional costs connected with operating an existing business and earning assessable income.
For individuals and companies
Read the ruleBusiness bad debts
Income debts written off as bad during the income year where the tax-law conditions are satisfied.
For individuals and companies
Read the ruleBusiness prepaid expenses
The timing of a deduction for a business service paid in advance.
For individuals and companies
Read the ruleEligible business start-up costs
Certain professional expenses of starting, restructuring or closing a business that can receive specific tax treatment.
For individuals
Read the ruleFarm management deposit deduction
A deduction for an eligible individual primary producer who makes a qualifying farm management deposit by the end of the income year.
For individuals and companies
Read the ruleTaxation of financial arrangements deductions
Losses and deductions from financial arrangements calculated under the TOFA accruals, realisation, fair-value, retranslation, hedging or financial-reports methods.
For individuals
Read the ruleTax losses from earlier income years
An available prior-year ordinary tax loss that an individual can deduct against current assessable income.
For individuals
Read the ruleNon-commercial business loss review
Whether an individual can use a business activity loss against other income now or must defer it against future income from that activity.
For companies
For individuals and companies
Read the ruleCost of managing tax affairs
Tax agent, BAS agent, recognised tax-advice and related costs incurred to manage tax affairs.
For individuals and companies
Read the ruleProject pool deduction
A yearly deduction for qualifying project amounts that are directly connected with a taxable-purpose project and are not otherwise deductible.
For individuals and companies
Read the ruleForeign exchange losses
Deductible foreign-currency losses under the forex realisation and election rules.
For individuals and companies
Read the ruleDebt deductions and thin capitalisation review
Debt deductions not claimed elsewhere after applying thin-capitalisation, debt-deduction-creation and related integrity rules.
For individuals and companies
Read the ruleSection 40-880 business capital expenditure
A five-year deduction for qualifying business-related capital expenditure that is not otherwise recognised for income tax purposes.
For individuals and companies
Read the ruleBank fees and merchant charges
Transaction, account and payment-processing fees incurred through business banking or merchant facilities.
For individuals and companies
Read the ruleBusiness loan interest
Interest on funds used to acquire business assets, finance operations or meet current business expenses.
For individuals and companies
Read the ruleBusiness borrowing expenses
Eligible costs of arranging business finance, such as loan establishment fees, lender charges and security-registration costs.
For individuals and companies
Read the ruleBusiness royalty expenses
Domestic or overseas royalties incurred in earning assessable business income.
For individuals and companies
Read the ruleForeign resident withholding expenses
Expenses of a foreign resident individual business or company directly related to Australian income subject to foreign resident withholding.
For individuals and companies
Read the ruleBusiness legal, accounting and professional fees
Professional costs connected with operating an existing business and earning assessable income.
For individuals and companies
Read the ruleBusiness bad debts
Income debts written off as bad during the income year where the tax-law conditions are satisfied.
For individuals and companies
Read the ruleBusiness prepaid expenses
The timing of a deduction for a business service paid in advance.
For individuals and companies
Read the ruleEligible business start-up costs
Certain professional expenses of starting, restructuring or closing a business that can receive specific tax treatment.
For companies
Read the ruleResearch and development tax incentive review
A company tax-offset review for notional deductions relating to eligible, registered research and development activities.
For individuals and companies
Read the ruleTaxation of financial arrangements deductions
Losses and deductions from financial arrangements calculated under the TOFA accruals, realisation, fair-value, retranslation, hedging or financial-reports methods.
For companies
Read the ruleCompany carried-forward tax losses
Review whether a company can deduct a carried-forward tax loss after applying the continuity and business-continuity rules.
Browse all deductions or find the ones that match your situation.