Have you ever wondered if your hand bag is tax deductible? Well Ladies, you are in luck. That’s right, you can claim your hand bag as a tax deduction if you genuinely utilise if for work purposes and you keep your receipt.
If you have expensive taste (over $300) you will need to claim only a portion each year, just like depreciation any other asset.
What occupations might use a hand bag? Office workers for taking and collecting the mail, conducting the banking, taking a laptop to and from work, attending meetings and are required to carry paperwork.
If your handbag is multi purpose you may need a log book to ascertain its work related percentage.
Contact us for further information.