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June 15, 2022

Real Tax Returns for Real Estate Agents

.... yes we know it's corny....

If you work in the real estate industry, then you probably spend quite a bit trying to sell people ‘the great Australian dream’. 

So if this sounds like you, then you may be able to claim these costs as a tax deduction in your etax return.  Below is a list of the common income tax deductions a real estate worker can claim:

Tax Returns for Real Estate Agents


Car expenses for work – Real Tax Deduction

If you use your car traveling to houses to sell or inspect, or doing other work trips you can claim your costs of doing so.  You can either claim the number of kilometres travelled for work (up to a maximum of 5,000km) or if you kept a logbook you can claim your work % of car costs such as fuel, rego, insurance, repairs, depreciation, and interest.

Computer, laptop or camera expenses – Real Tax Deduction 

For computers, laptops or cameras that cost under $300, these can be claimed straight away.  If the cost is over $300 then the item purchased must be depreciated over a number of years.  For example, the cost of a laptop is claimed over 3 years and a desktop computer is claimed over 4 years.  Only the work-related portion can be claimed.

Uniforms – Real Tax Deduction

The purchase and laundry of uniforms that are required to be worn at work.

Self-Education – Real Tax Deduction

Any courses, seminars or study directly relating to your current job.

Phone and Internet – Real Tax Deduction

Work-related calls, texts and internet costs that were required to be made from your personal phone or device.

Advertising – Real Tax Deduction

Costs such as newspaper advertising, letterbox drops and signage.  If you only earn a fixed salary and you’re not entitled to earn commission income then you CAN’T claim these costs.

Gifts – Real Tax deduction

Hampers, wine, vouchers, and flowers are the types of gifts that can be claimed.  Entertainment gifts like tickets to the footy CAN’T be claimed.  And like advertising above, If you only earn a fixed salary and you’re not entitled to earn income from commission then you CAN’T claim these costs.

Other expenses – Real Tax deduction

Work-related portion of newspapers, real estate journals or books and working from home.

You can’t claim equipment that is used for personal reasons or clothing that is not part of a uniform with a logo.  You also can’t claim any entertainment costs such as lunch for a customer or a social breakfast put on by the Real Estate Institute.

Our biggest goal at Gotax online is to make everything as simple and easy as possible, find out what you can claim and get the tax deductions you deserve with our hand-picked ‘Common tax deductions’ on your etax return.

If you are unsure whether you can claim something, don’t stress! Send us a message and one of our fully qualified tax accountants can help you out.

That's Un-Real

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Note that the information provided is general in nature and subject to change, please contact one of our professionals who can evaluate your circumstances and provide more accurate advice to your current situation.


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