Debbie Grace 11/12/25 Debbie Grace 11/12/25

Dental expenses are private expenses

The ATO has been seeing a number of deduction claims for dental expenses this tax time. Dental expenses, including preventative and necessary dental treatment, medical expenses and other costs relating to client's personal appearance (such as teeth whitening, makeup, skin care, shaving products and haircuts) are not deductible.

Debbie Grace 1/4/25 Debbie Grace 1/4/25

Changes to GIC Deductions Pass Parliament

On 26 March 2025, Parliament passed amendments that will deny taxpayers the ability to claim deductions for General Interest Charge (GIC) and Shortfall Interest Charge (SIC) starting 1 July 2025.

Debbie Grace 18/12/24 Debbie Grace 18/12/24

Deductions for Financial Advice Fees

The ATO has provided guidance about when an individual not carrying on an investment business may be entitled to a deduction for fees paid for financial advice.

Debbie Grace 13/8/24 Debbie Grace 13/8/24

ATO's Tips for Correctly Claiming Deductions for Rental Properties

Taxpayers who have work done on their rental property should consider the following factors in determining claims for expenses.

Debbie Grace 17/8/23 Debbie Grace 17/8/23

Change to Deductions this Tax Time.

Taxpayers who are small business owners operating from home, or who use a vehicle for business purposes, need to be aware of some changes when claiming deductions this tax time.