{"id":45482,"date":"2022-05-27T13:53:52","date_gmt":"2022-05-27T05:53:52","guid":{"rendered":"https:\/\/www.crazydomains.com\/learn\/?p=45482"},"modified":"2022-05-27T14:59:11","modified_gmt":"2022-05-27T06:59:11","slug":"website-tax-deductible","status":"publish","type":"post","link":"https:\/\/www.crazydomains.com.au\/learn\/website-tax-deductible\/","title":{"rendered":"Are Website Solutions Tax Deductible?"},"content":{"rendered":"

In an effort to offset the negative impact of the pandemic, the Australian Taxation Office (ATO) introduced the tax depreciation incentives<\/a> in March 2020. This increased the threshold from $30,000 to $150,000 for the instant write-off for new and second-hand assets.<\/p>\n

As the end of the financial year nears, you may be looking at ways to claim tax deductions and other tax benefits. This is terrific news for Australian businesses that had to temporarily close their doors earlier this year due to surging Omicron cases.<\/p>\n

However, as more businesses transitioned online, the question lies in whether the incentive includes website-related assets. Does it?<\/p>\n

The answer is Yes!<\/h3>\n

Your website costs are tax deductible. This is specifically stated in Taxation Ruling 2016\/3<\/a>. The ruling points to \u201cthe deductibility incurred in acquiring, developing, and maintaining or modifying your website on a business.\u201d<\/p>\n

To determine what you can claim as an immediate deduction versus what you need to depreciate over time, you need to identify each expenditure category of your expenses. There are two:<\/p>\n