by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Deductions
What type of investment expenses qualify for a deduction? Are you? – A taxpayer? At a glance: – Deductions may be available for expenses incurred in producing assessable interest, dividend or other investment income. You should: – Ensure the expenses...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Deductions
Deducting interest expenses and council rates for vacant land Are you? – A taxpayer who holds vacant land? At a glance: – Interest expenses and council rates incurred for holding vacant land may be tax deductible. You should: – Document your...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Deductions
Self education expenses Are you? – A taxpayer? At a glance: – The Tax Office has compiled a list of self-education expenses that taxpayers may be able to claim. You should: – Ensure that you are eligible to claim self-education expenses. –...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Deductions
Work related car expense deductions Are you? – Claiming work-related car expenses? At a glance: – The Tax Office has simplified the methods of claiming car expense deductions for the 2015-16 financial year. You should: – Check the available methods...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Deductions
Tax – Personal Deductions Interest deductions during construction of a property The Tax Office may accept that expenses incurred while a property is under construction are tax deductible if the taxpayer’s intention and purpose when building the property is to...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Deductions
Interest deductions during construction of a property Are you? – A taxpayer building a property to derive income? At a glance: – The Tax Office may accept that expenses incurred while a property is under construction are tax deductible if the taxpayer’s...
