Monthly Archives: February 2016

The end of tax depreciation schedules

Posted on February 13, 2016 by

I don’t know if the Quantity Surveyors have worked it out yet, but they have the most to lose from the changes to negative gearing that are currently being discussed. Labor is promising to remove negative gearing from all purchased … Continue reading →

Posted in Income Tax, Tax Policy | Leave a comment

The Small Business Restructure Rollover is now before the Parliament!

Posted on February 5, 2016 by

Its almost law!!!! Under this Bill, from 1 July 2016, small businesses can roll-over “active assets” that are CGT assets, trading stock, revenue assets and depreciating assets as part of a genuine restructure of a small business from one entity … Continue reading →

Posted in Income Tax, Legislation, Planning Idea, Planning Stuff | 1 Comment

Interesting tax deductions…

Posted on February 4, 2016 by

From Ogden and Commissioner of Taxation (Taxation) [2016] AATA 32 (29 January 2016): MS HAMMOND: Okay. In that same income year you also claimed an amount of secretarial services? MR OGDEN: Yes. MS HAMMOND: $5,388. That’s a payment you allegedly … Continue reading →

Posted in Funny Stuff | Leave a comment