I bought a $2,500 laptop for a University Thesis in 2014/15 financial year. I've realised that I've actually been using it to work from home from 2015 to present (2017). My questions are:
a) I didn't initially purchase it for work use. Because I have been, is this claimable?
b) If it claimable, I've never claimed this expense previously, can I claim depreciation for the past years as well?
the use of the laptop determines whether or not its deductible, so the short answer is yes you can.....or at least a portion of the usage based on how much you use it for work v how much for private.
You cant claim last years depreciation in this years return, but you can request an amendment to your prior year return.......you probably have a short period of review....which is ATO-ese for you can only go back 2 years unless you have complex tax issues. this means if you are going to amend returns you need to get moving!
Also the ATO depreciation rate on a laptop is 66%.....so the depreciation would have been something like this:
you can only claim a PORTION of this, so the question is: is it worth the pain? how much of your usage is work related??
If your income was under $80k then the actual tax benefit to you would be possibly not enough to justify paying a tax agent to do an amendment for you......however you can lodge your own. have a look at this:
have fun with it