Sole Trader Deductions
Section 1 of 3
Business Use of Home
Claim a portion of home costs for your business space
Occupancy Expenses
A portion of rent, mortgage interest, rates, and home insurance based on your business-use area.
Example
Home office is 15% of your home. Rent is $2,400/month = $4,320/year claimable.
Running Expenses
Electricity, cleaning, internet, phone — the business portion.
Example
Internet is $100/month, 50% business use = $600/year.
Section 2 of 3
Business Assets & Depreciation
Instant asset write-off and depreciation for business gear
Instant Asset Write-Off
Small businesses can instantly deduct assets costing less than the threshold.
Example
Bought a $5,000 laptop for your freelance business — write off the full amount this year.
Motor Vehicle for Business
Claim the business-use portion of your car expenses — same methods as employees (cents/km or logbook).
Example
You're a freelance photographer driving to shoots. Logbook shows 70% business use on $10,000 of car costs = $7,000.
Section 3 of 3
Insurance & Super
Protect yourself and your retirement
Business Insurance
Public liability, professional indemnity, and business-related insurance premiums.
Example
Professional indemnity insurance costs $1,200/year for your consulting business — fully claimable.
Super Contributions
Personal super contributions are deductible for sole traders up to the concessional cap.
Example
Contributed $15,000 to your super fund — claim $15,000 as a deduction. Taxed at 15% in super instead of your marginal rate.
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