Deductions for prepaid expenses 2023

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 24 May 2023

General information about prepaid expenses

Find out what are prepaid expenses and what are the prepayment rules.

Find out about general deduction provisions and R&D provisions.

Find out what is a tax shelter arrangement, expenditure excluded from these rules and how to calculate a deduction.

Find out what's non-business expenditure, summary of the rules including the 12-month rule and calculating a deduction.

Check if you're a small business entity, a summary of the rules including the 12-month rule and calculating a deduction.

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