Category «Beyond Newsflash»

Self Education Expenses

To be tax deductible against your income the course you are doing must be related to your employment obligations either because it is improving the skills you need in your current job or keeping you up to date. You can also claim for expenses that will qualify you for advancement with your current employer but …

Lending to your SMSF interest free

Note the following is only posted here to give readers the history and because of the reference in Newsflash 286. Interest free loans to your SMSF are definitely not being accepted by the ATO though nothing has been resolved through the courts. Taxpayers must have their loans on an arm’s length basis for the 2016 …