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Monthly Archives: February 2016
The end of tax depreciation schedules
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
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The Small Business Restructure Rollover is now before the Parliament!
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
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Interesting tax deductions…
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
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