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At Republic of Florence, we appreciate that our leather work bags are often purchased by professionals who use them to carry work-related items. While some customers may be eligible to claim their purchase as a tax deduction, it's important to understand the relevant requirements and limitations.
Potentially Tax-Deductible if:
- The bag is primarily used for work purposes
- It carries items essential to your job (e.g., laptops, tablets, documents, tools, or instruments)
- You have evidence of purchase (receipt)
- You keep records showing work-related usage
Claiming thresholds (per ATO guidelines):
- $300 or less: full deduction may be claimed immediately
- Over $300: must be depreciated over time
Not Deductible if:
- The bag is used mainly for personal purposes, such as fashion or the gym
- There is no direct link between the bag and your work duties
Your employer has already reimbursed you for the purchase
Legal Disclaimer
Republic of Florence provides general information only and does not offer financial or tax advice. Any promotional references to tax deductibility are informational and should not be relied upon to make tax-related decisions.
Please consult your accountant or a registered tax agent to assess your eligibility and ensure compliance with current ATO rules.
Republic of Florence is not responsible for the outcome of any tax claim made in relation to our products.