You can claim a deduction for expenses you incur in managing your own tax affairs, including:
- preparing and lodging your tax return and activity statements
- travel, to the extent that it is associated with obtaining tax advice – for example, the travel costs of attending a meeting with a recognised tax adviser
- appealing to the Administrative Appeals Tribunal or courts in relation to your tax affairs
- obtaining a valuation needed for a deductible gift or donation of property or for a deduction for entering into a conservation covenant.
Expenses relating to preparing and lodging your tax return and activity statements include the costs of:
- buying tax reference material
- lodging your tax return through a registered tax agent
- obtaining tax advice from a recognised tax adviser (a registered tax agent, barrister or solicitor)
You generally incur the fees in the year you pay them.