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Question: Is the cost to obtain a depreciation report from a quantity surveyor fully deductible? How would it be reported?…

We purchased a Queensland home in October 2001 and initially rented it out.…

The Court and the Tribunal relied on factors set out in Taxation Ruling 97/11 and recognised that the indicia of carrying on a business set out in the Ruling as correct at law.The indicia of carrying on a business set out in the Ruling are: Having a significant…

A win for the taxpayer. Mr John Symond, the founder of ”Aussie Home Loans” needed advice about how to extract funds from his company to complete construction of his home without paying excessive tax.…

Our View - providing a tax deduction for childcare, even if it is provided by a nanny, is a great idea.…

Do we need a ‘Google Tax’? Recently, there has been considerable discussion about the level of taxes being paid in Australia by large overseas multinationals.…

October 2011 - A day in the tax life of. A modern day soap (tax) opera. … previously on tax life …. Sam had been successful in her bid to win the big order but that was now a couple of months ago and times were a lot leaner now. Uncertainty.…

September 2011 - A day in the tax life of… A modern day soap (tax) opera. … previously on tax life … Sam was getting into the routine of quarterly reporting to the bank despite that it seemed to be a waste of time.…

Are you a share trader or investor? This is a perennial question.…

Can’t claim $20k loss: Share trading not a business. In a tough decision, the Tribunal has refused a $20k deduction for losses in share trading activities for a casual childcare educator in the 2011 tax year (Devi v FCT [2016 AATA 67]).…