You can claim a deduction for the cost of tools and equipment that you use for work, such as hair cutting and hair styling tools. If you use the tools and equipment for work-related purposes as well as private purposes – for example, you cut your family’s hair with your scissors at home – you can only claim a deduction for your work-related use of the tools and equipment.
If a tool or item of work equipment cost:
- more than $300 – you can claim a deduction for the cost over a number of years (decline in value)
- $300 or less – you can claim an immediate deduction for the whole cost
You can claim a deduction for the cost of repairing your tools and equipment you use for work. If the tools or equipment were also used for private purposes, you can’t claim a deduction for that part of the repair cost that relates to your private use of the tools and equipment.