Nettet7. nov. 2024 · If the legal costs are not deductible but are crucial, the rules of the CGT must be taken into account. In such a case, legal fees may be part of the cost base of a relevant asset and, depending on the type of asset, the CGT discount of 50% may be available. The facts in Romanin were essentially similar to Case ID 2002/656, although … Nettetan amount equal to the interest charged on the PEL, reduced by an amount reasonably attributable to the cost of capital protection worked out under step 3 of the method statement in subsection 247-20(3) of the Income Tax Assessment Act 1997 (ITAA 1997) or subsection 247-75(1) of the Income Tax (Transitional Provisions) Act 1997 (IT(TP)A …
TD 93/114 Legal database - ato.gov.au
Nettetcapital or of a capital nature. of a private or domestic nature. incurred in earning exempt income or non-assessable, non-exempt income. specified under income tax law as non … Nettet12. AIL has advised that Growers incurred Management Fees and annual rent totalling $2,300 per Allotment in respect to the 2011-12 income year. As this amount was incurred after the termination of the Project Agreements on 30 June 2011 the $2,300 per Allotment is not deductible under section 8-1 in the 2011-12 income year. 13. nintendo switch sales data
Tax treatment of employee compensation on termination of employment ...
Nettet28. nov. 2024 · KylieS. Most helpful reply atocertified response. KylieATO (Community Manager) 10 Dec 2024. Hi @Grugga, Thanks for your patience. You cannot claim … Nettet1. Where police duties do not require an officer to undertake regular strenuous physical activity, expenses of keeping fit are not deductible under subsection 51 (1) of the Income Tax Assessment Act 1936. This type of expense does not have the essential character of being incurred in the course of gaining or producing assessable income. NettetAn SMSF is also liable to pay a supervisory levy under the Superannuation (Self- Managed Superannuation Funds) Supervisory Levy Imposition Act 1991. The levy is a flat … number of mexicans in us