Holiday Travel Tax Deductions
 -
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

Do I need a Business Bank Account?
Do I Need to register for GST?
Tax Tips March 2014
BAS - Act Now to avoid Late Lodgment Penalties.
Getting ahead with good accounting records

Most Popular Posts

Large Proprietary Company
Get your business ready for the FBT year-end
Rental Property Tax Deductions 2011
Deceased Estates & Tax
Capital Gains Tax - Selling an inherited dwelling

Categories

Accounting
Business News
Tax
XERO Accounting Software
powered by

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.

2 Comments to Holiday Travel Tax Deductions:

Comments RSS
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.
Reply to comment


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.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment