Tax deductions for handbags, briefcases and satchels
Handbags, briefcases and satchels purchased to carry items for work purposes (such as laptops, tablets, work papers or diaries) may be deductible.
The deductibility of the bag will depend on:
- Cost – It's easier to justify to the ATO that a $300 bag is for work purposes than a $10,000 Prada bag.
- Type – Large bags that can carry work items will more likely be deductible (than small handbags that only fit keys and lipstick).
- Use – Having a bag exclusively for work purposes will maximise deductions.
Similar posts you may like
- Tax Savings Strategy 196 | FBT Exempt Work Related Items
Providing the following work related items to employees is tax deductible and FBT exempt: Portable electronic devices such as mobile phones, laptops, tablets, portable Read more
- Travel to co-existing work location
Co-existing work locations travel involves travel which can be attributed to the employee having to work in more than one location. This is the Read more
- Cook Islands
Capital city: Avarua Currency: New Zealand dollar (NZD) & Cook Islands dollar Population: Read more
- Tax Havens Require Political and Economic Stability to Flourish
Without political and economic stability, no amount of tax inducement can bring in outside investors. No company or individual, whether local or international, will Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2