Home – New Forums Starting your journey Claim tax deduction next year? Reply To: Claim tax deduction next year?

James Millar
  • Total posts: 1,739
Soulty, post: 210238 wrote:
Hi, Can a sole trader claim some deductions the next financial year, from the purchase date? I have a lot of deductions this financial year and they would be more beneficial to claim some of them next year.


Generally no but you may be able to carry forward and any tax losses and use in a subsequent year (which can achieve the same or similar effect). If its just a case of trying to manipulate your tax rate then you are out of luck.

Helping build better businesses and better lives with expert financial and taxation advice. [email protected] www.360partners.com.au 03 9005 4900