Navigating Tax Deductions for Work and Property

This chapter explores the intricacies of claiming tax deductions for work-related clothing and home office expenses, emphasizing the distinction between eligible and non-eligible claims. It also addresses the complexities of rental property deductions, including initial repairs and capital allowances, while stressing the importance of diligent record-keeping and professional advice. The discussion highlights the risks associated with incorrect claims and the potential tax gap, underlining the need for individuals to take responsibility for their financial documentation.