Tax deduction for GPS device

Discussion in 'Accounting & Tax' started by jrc77, 24th Dec, 2008.

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  1. jrc77

    jrc77 Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    142
    All,

    I am a consultant working at multiple different sites throughout a normal week (typically I would do work from home in the morning, then work at one site per day - but sometimes do multiple sites in a day). If I buy a GPS device to make it easier to sites, can I use this as a deduction on my personal tax return?

    Regards,

    Jason
     
    jrc77, 24th Dec, 2008
    #1
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
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    Location:
    Sydney, NSW
    Hi JRC,

    When you do your tax return you may find that items over $300 are to be depreciated over the useful lifetime rather than being treated as an expense.

    You'll have to check the ATO website for more information.

    Cheers,

    Dan

    PS This is general information. Speak to your accountant or tax adviser before making a decision.
     
    AsxBroker, 24th Dec, 2008
    #2
  3. BillV

    BillV Well-Known Member

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    19th Jun, 2015
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    Location:
    Sydney
    JRC

    It's a good business tool and particularly of you visit new sites all the time.
    If you buy a good one it will be over $300 and as Dan says you'd have to depreciate it...
     
    BillV, 25th Dec, 2008
    #3
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