Julia's Blog
By Julia Hartman
I hear people living on acreage saying that they only sell a little of their produce at markets just to cover costs and of course not declare it in their tax return because it is really just a hobby. They are concerned if they use the property to produce income in any way they will …
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 …
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 …
You can download the “How not to be a Developer” Booklet From Here.
PETROVIC v FC of T 2005 ATC 2169 Judges: BH Pascoe SM Court: Administrative Appeals Tribunal MEDIA NEUTRAL CITATION: [2005] AATA 416 Judgment date: 3 May 2005 ________________________________________ BH Pascoe (Senior Member): These applications are for review of decisions of the respondent to disallow objections to amended assessments of income tax for the years ended …