Deductions for prepaid expenses 2021
A guide to help you work out deductions you can claim for expenses you incur for things done in a later income year.
Last updated 26 May 2021
QC64888
Access our secure services. myGovID is now named myID, but how you can use it remains the same.
Access our secure services. myGovID is now named myID, but how you can use it remains the same.
A guide to help you work out deductions you can claim for expenses you incur for things done in a later income year.
Last updated 26 May 2021
Find out what prepaid expenses are and the prepayment rules.
Information on general deduction provisions.
Find out what a tax shelter arrangement is, expenditure excluded from these rules and how to calculate a deduction.
Find out what is non-business expenditure, summary of the rules including the 12-month rule and calculating a deduction.
Find out what a small business entity is and how to calculate a deduction.
Information on taxpayers carrying on a business and incurring deductible business expenditure.
QC64888