Jun 15, 2008
Soaring petrol prices have failed to persuade the Australian Taxation Office to offer bigger tax deductions for car running costs this financial year.
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Author: Adelaide Now
"A really interesting question Mel. Whilst negative gearing of a rental property is great for the higher earning spouse as there is a nice tax deduction which comes back to them, it comes to bite..."
By: Mr Taxman at Mar 04, 2020 9:36PM
Post: Marriage
"Your refund is your asset. It would be up to the courts to determine if you have to share your assets when you settle your split."
By: Mr Taxman at Mar 04, 2020 9:28PM
"Sorry to hear Emma. Generally speaking when it comes to completing your income tax return and including spouse details, a spouse includes another person who: * you were in a relationship with that..."
By: Mr Taxman at Mar 04, 2020 9:22PM
"Admittedly not too much depreciation with a 2011 car but there will still be a few $$$ there still. My motto is that you would pick up $20 if it was on the ground so why not claim it in your tax..."
By: Mr Taxman at Mar 04, 2020 8:59PM
Post: Claiming car expenses
"Geez 15 hours is a long shift. I certainly hope you get some breaks during the week. Generally, meals are considered a private expense. You can only claim a deduction for meals when you receive..."
By: Mr Taxman at Mar 04, 2020 8:48PM