Any of these Expenses of Gareth are Deductible or not, Reasons and evidence (including references to relevant tax ruling/s) according to Australia income tax law, Amount deductible.

Gareth often prepares for his teaching and marks his students work at home (an average of five hours a week for 40 weeks of the year). He set up a home office in a separate area of his house; this takes up 15% of the entire floor space of his house.

A colleague at his school told him that he can claim deductions for a proportion of the following expenses:

Interest on mortgage loan $3,000

Council rates $1,500

Water rates $800

Home insurance $700

Electricity $1,400

Addition Information:

Gareth is an Australian resident, 49 years old, he is an employee teacher working for Brisbane Secondary College and has been working as an English teacher since he completed his Diploma 15 years ago. Gareth is completing a Master of Education at Griffith part-time. He attended classes two nights a week during each Semester. He lives with his defacto partner Tracey and they have no dependants. Tracey owns the house at St Lucia and purchased it back in 2013. Tax File Number: 111 222 333

Gareth has supplied the information below relating to his personal income tax affairs for the year ended 30 June 2023.

Gareth wants to use the diminishing value method to calculate any decline in value deduction claims and he does not wish to pool any low value assets.

Gareth is not registered for GST.

Gareth does not have any health insurance.

Gareth does not want to use electronic funds transfer (EFT) if he is entitled to a refund.

Assumed that the details given are all of Gareths receipts and expenditure for the 2022/23 income year, and that all of his expenses are properly substantiated.

Gareth does not have a HECS/HELP debt, nor does he have a financial supplement debt or any post-graduate FEE-HELP debt.

Gareth did not receive any trust distributions