Tax 101 - Deductions and Losses


It is sometimes said that claiming tax deductions is Australia’s true national sport. This webinar, the second in our back to basic series looking at the fundamentals of Australian tax, explores the concept of “deductions“. We look at what a deductible expense actually is and how the law defines what is deductible and what isn’t. We look at the tax treatment of the different type of expenses that can be incurred by individuals in employment, investors and businesses, as well as some of the other, lesser known, types of deductible costs. We also consider what can happen when the deductions claimed by a taxpayer exceed the income that gave rise to those deductions.

Using practical examples, case studies and clear concise language we will highlight the different types of deductions that can be claimed by individual and business taxpayers. Amongst the topics to be covered:
• Overview of the law governing deductions
• General deductions and specific deductions
• Deductions for individuals, including work-related expenses
• Deductions for businesses
• Investment deductions, including rental property expenses
• Substantiating deductions
• Creating a loss
• Prepayment rules

Webinar Learning Outcomes:
Attendees will gain an understanding of the basic tax rules that underpin this most crucial of tax concepts and will be able to apply those rules with clients who have taxation issues related to deductions on a day to day basis. 

Suited to:
This series of introductory webinars is ideal for those starting a career in tax who wish to understand the fundamentals of the Australian tax system. It is also ideal for accountants in non-tax roles who want a high level overview of how the tax system works, as well as other professionals who might need to understand how tax could impact their clients, such as financial planners and legal professionals.  

Presenter Bio:
Since 2015, Mark Chapman has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance.  As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director. Mark is also the author of Life and Taxes: A Look At Life Through Tax published by Wolters Kluwer, CCH Australia.

Mark has over 25 year’s experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.

You will be provided with:
• PowerPoint Presentation slide deck
• Any Supporting Documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter

Understanding how and when tax deductions are claimable and how to treat tax losses.

  • Webinar Recording
    • PD hours: 1
    Stream this recording multiple times at your convenience.
    • $180.00 incl. GST

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Our webinars operate on a 'one-connection-one-fee' basis so you can have your whole team participate for one cost effective price and claim CPD points.


Like the topic but can’t make the time? Register for the Live Session and you’ll receive the Recording regardless! You can watch it as many times as you like for up to 6 months. You will also receive Supporting Documentation.