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Information for Business Owners

Holiday Travel Tax Deductions

The ATO has released a Taxpayer Alert  TA2011/3 in respect of arrangements involving holiday travel claimed as a tax deduction.
The Taxpayer Alert describes arrangements where a taxpayer claims a deduction for expenses incurred in relation to various educational courses and seminars where the expenses have insufficient connection with the taxpayer's current income-earning activities and are private or domestic in nature. These expenses include the costs for domestic or overseas travel on a holiday activity or to a holiday destination.
Where an activity is undertaken both for income-earning purposes and for private purposes, it is necessary to apportion the expenses between the purposes.
Be aware that the ATO is currently reviewing these arrangements.
If you have any queries contact BASMAN RETURNS for more information.

3 Comments to Holiday Travel Tax Deductions:

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Noosaville Family Resort on Thursday, 29 November 2012 7:27 PM
Thanks for sharing such a nice info with us. Fantastic writing skills. I appreciate this blog.
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Mooloolaba Accommodation on Tuesday, 11 December 2012 7:46 PM
Great article ...Thanks for your great information, the contents are quiet interesting. I will be waiting for your next post.
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The Kokoda Challenge Association is the spirit of Kokoda on Wednesday, 23 July 2014 10:04 PM
Thanks for sharing this type of blog. I found so many interesting stuff in your blog especially its discussion upon travel. You put really very helpful information. Keep it up.
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