News & Events

Can the Cost of Clothing be Tax Deductible?

The December 2025 Accura Group newsletter explains when work clothing is tax-deductible, warns SMSF members against using fund-owned holiday homes over Christmas, breaks down how the 50% CGT discount works, highlights the nearly $19 billion in lost and unclaimed super and how to find it, outlines who can make a claim against a deceased estate, and provides practical guidance for small business owners on avoiding ATO audit risks.

This edition features pieces on:

Tax deductions for clothing:
What types of work clothing are deductible (uniforms, protective gear) and why normal clothing isn’t.

SMSF holiday homes:
A reminder that SMSF-owned properties cannot be used by members or relatives, even briefly or at market rent, and the risks of breaching the rules.

The 50% CGT discount:
A simple explanation of how the discount works, when it applies, and situations where it may be reduced or unavailable.

Lost and unclaimed super:
The ATO reports nearly $19 billion in lost super — how to check for it and why SMSF members should look carefully.

Claims against a deceased estate:
Who can challenge a will and the general factors courts consider.

ATO audits:
Common audit triggers for small businesses and practical habits to reduce the risk of being selected.

 

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