In the last FY I bought a phone for a stack of points, mainly since I didn't really think that travel was on the cards.
When it comes to Tax time, and assuming that phone has been mainly used for work - do I claim:
a) The market value of the phone at the time I got it
b) The commonly accepted market value of the points for cash equivalent (ie 0.5c/pt for qantas)
c) $0 - given that points are magic pixie dust currency that the ATO doesn't care for
Keen to hear what people think about this.
Could be wrong, but pretty sure is the value your paid in the Tax Invoice.
If it was me, use real money for tax deductible items, and points for things you can't tax deduct.