By taxconnect on
Wednesday, July 06, 2011
The following occupation specific guide was released by the Australian Tax Office on 6th July 2011. It provides some useful information for real estate agent employees when claiming work related expenses. If you are not sure of your situation you should speak with a qualified chartered accountant. If you require assistance please contact us.
If your total claims add up to more than $300 (excluding claims for car, meal allowance, award transport payment allowance and travel allowance expenses), you must keep written evidence, such as receipts. Your written evidence must show you have incurred the full amount of your claim, not just the amount over the first $300.
If the total amount you are claiming is $300 or less, you do not need to keep receipts, but you must be able to show how you worked out your claims.