Handbags, Tax Deductible Myth?

tax deductible handbags

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.