Tax Deductions for General Practitioners

Tax Deductions for General Practitioners

general practitioner

Average weekly pay:          $1,850 
Employment size:                67,300  
Future growth:                     Very Strong      
Skill level                                Bachelor Degree or Higher  

A general practitioner (also called a GP) is a physician who is a generalist and doesn’t specialise in one particular area of medicine. 

Their tasks include:

  • Conducting examinations, questioning patients, and ordering medical tests to determine the nature of illnesses and disease.
  • Providing overall care for patients, prescribing and administering treatments/medications, and monitoring patients’ progress and response to treatment.
  • Advising on diet, exercise and other habits which aid prevention and treatment of illnesses and disease.
  • Referring patients to, and exchanging medical information with specialist Medical Practitioners, and arranging the admission of patients to hospitals.

Typical tax deductions include:

  • Travel expenses associated with attending medical conferences, seminars, and training courses. Expenses include airfares, accommodation, meals, and incidentals. 
  • Motor vehicle expenses for travel between hospitals, clinics, and visiting patients.
  • Phone, internet and home office expenses (less private portion).
  • Self-education courses. 
  • Magazines, books and journals related to health and medicine.  
  • Medical defence and income protection insurance.
  • Equipment including briefcases, handbags, iPad, laptop, stethoscope, etc. Items costing more than $300 each need to be depreciated over their effective life.
  • Medical registration fees and membership fees such as AMA, RACS, RACGP, RACP, etc. 

None deductible expenses:

  • Travel for industry functions which includes entertainment, e.g. three-course meal, band, and alcoholic drinks.

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