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Tax deductions for doctors — and the strategies worth more than the deductions

Most guides for medical professionals stop at the deduction list. The list is worth a few thousand dollars. The strategies below the list are worth considerably more.

Common questions

Quick answers

Doctors can claim AHPRA registration renewals, medical indemnity insurance, college and professional association fees, CPD courses and conferences, medical journals and clinical subscriptions such as UpToDate, equipment including stethoscopes and loupes, scrubs and protective clothing plus laundering, the work-related portion of phone and internet, home office running costs, income protection premiums, and travel between workplaces. Commuting, initial registration, HECS-HELP repayments and ordinary business clothing are not deductible.

Yes, if employed by a public hospital, not-for-profit hospital or public ambulance service. These employers are FBT-exempt, currently allowing around $9,010 of everyday living expenses per FBT year plus roughly $2,650 of meal entertainment to be paid from pre-tax income. Eligible expenses include mortgage or rent, utilities, groceries, school fees and private health insurance. For most employed doctors this is worth more than all their work-related deductions combined.

Division 293 applies an additional 15% tax on concessional superannuation contributions once your income plus those contributions exceeds $250,000, effectively doubling the concessional rate from 15% to 30%. Many doctors cross this threshold as consultants. It arrives as a separate assessment, often a year later, and can be paid from your super balance rather than personally. Reportable fringe benefits from salary packaging count towards the threshold.

No. Compulsory and voluntary HECS-HELP repayments are never deductible, regardless of profession. Note also that salary packaging increases your HELP repayment income, because reportable fringe benefits are included in that calculation, which can push you into a higher compulsory repayment rate.

It depends first on whether the personal services income rules apply. If your income is mainly a reward for your personal skill and effort, PSI can attribute it back to you personally regardless of the entity, making the structure pointless. Where PSI does not apply — a genuine practice with staff, premises and multiple income sources — a company or trust can offer real benefits in retained profit, asset protection and flexibility. The PSI question should be answered before the structure is chosen.

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