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How to enter purchases over $1,000 (Capital Purchases)
How to enter purchases over $1,000 (Capital Purchases)

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Peter Bayliss avatar
Written by Peter Bayliss
Updated over 7 years ago

The ATO requires you to separate any expenses you are claiming that are over $1,000.  These are called Capital Expenses.  An example of a capital purchase you can claim could be a new car or a new iphone (over $1,000).

Remember you must have purchased it during the last quarter.

You must upload a receipt for a capital purchase expense claim.

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