i want to claim my laptop as a deduction on my tax return.
i use this for work related education AND just standard employment work
there are seperate section for each of these.
do i need to claim it on one or the other? and does it matter which? or do i claim it on both?
only my 3rd tax return in your beautiful country and by god they make it confusing.
I believe there is a limit to how much an item can be worth before you have to depreciate it… Something like $1000 if I recall. Less than that, you can claim all in first year. Otherwise depreciate it over the service life (i.e. 3 years for a laptop is probably fine).
Someone will correct me, but I think there is a provision to allow immediate write off for laptops, so no need to depreciate
No. And it's actually $300, not $1000…
https://www.ato.gov.au/Individuals/Income-and-deductions/In-…
Yes for individuals it's $300. For business it's currently $6,500 but Coalitions is trying to repeal it back to $1,000.
it is up to you really.
you can claim on both say 40% for work related education and 30% for work
just make sure your claim is within reasonable range.