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Income Tax Planning Stuff

Claiming a deduction for stamp duty?

In the Australian Capital Territory, for a rental property you can claim the stamp duty as a deduction – even though the Henry Review (which I had the misfortune of spend 6 months working on) wanted to remove this anomaly. Why? It’s a lease and not an ownership of all land in the ACT But, […]

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Funny Stuff

What a real tax nerd does on a holiday…

Categories
Article Income Tax

Lease Fit Out Costs and Division 40…

The two questions here are: 1. For various items included in a fit out, can a taxpayer claim a deduction under Division 40? 2. If they can claim a deduction under Division 40 what is the effective life? 3. If they cannot claim a deduction under Division 40 can they claim a deduction under Division […]