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TIger pull out of ADL-ASP
Hopefully a short term fix to an aircraft shortage as Tiger increases East Coast sectors. Should see VB flying back into the red centre (fingers crossed)
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From the Tiger website:
A320 rating, and experience, is a definite advantage however Tiger Airways does operate a self-sponsored training program for pilots not qualified on type.
Hmm, can anyone clarify if this is salary sacrifice or lump sum pay up front?
A320 rating, and experience, is a definite advantage however Tiger Airways does operate a self-sponsored training program for pilots not qualified on type.
Hmm, can anyone clarify if this is salary sacrifice or lump sum pay up front?
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I spoke to my accountant just recently about this very thing & he showed me Tax rulings to the effect that the course costs are not claimable if they are outside yr 'current' activities meaning if you fly for Joe Blogs using PA31's etc that an A/C endo of the likes of an A320 is considered outside & therefore not claimable.
Also to gain another position such as a job with J* or Tig's for Eg by getting such a rating then that also is not allowed for the claiming of tax deductions.
If the endo is to improve yr current work activities then it would be claimable.This is the way I read it as per the ATO's paperwork..........bumma for all those hoping.
Also to gain another position such as a job with J* or Tig's for Eg by getting such a rating then that also is not allowed for the claiming of tax deductions.
If the endo is to improve yr current work activities then it would be claimable.This is the way I read it as per the ATO's paperwork..........bumma for all those hoping.
on a $30k Rating you can get around $15-19k back by spreading the return over 5 years.
As it's a one off bit of training it is considered a capital expense & therefore claimable. But you need to go to an accountant that specialises in aviation & has bothered to keep up with all the relevant amendments.
Problem is that Tax "accountants" aren't necessarily qualified accountants & may only have a cert IV or some such thing. Which may be adequate for most wage slave lodgements until something out of the ordinary comes along such as an aviation rating / endorsement etc. The "accountant" then has to go to the ATO for advice. The ATO, being a government department, is not unlike certain other gov departments that pilot's would be familiar with; In so far as no individual will commit to a decision, the stock standard answer is NO, or TOO HARD, and the person giving the advice may not know their elbow from their a
hole, (taxationially speaking). So your "accountant", rather than waste more precious time (money) on you, is going to give you a negative answer.
Better to spend the extra money for a qualified accountant who specialises in this stuff.
Galdian, spot on, the accountant has zero accountability ( no pun intended ) " yes your honour, jo bloggs told me that his claim was legit and see, he signed here "
Last edited by psycho joe; 20th Mar 2010 at 04:27.
Might be wrong but I've heard that EVEN rated pilots are bonded for $10,000-15,000 as a 'training' fee.
Is that correct?
If true, for an airline that will be needing many pilots to fill their 30-50 aircraft, this seems like a stupid concept particularly when you then have to work like a trojan to get what other airlines regard as a base salary.
Is that correct?
If true, for an airline that will be needing many pilots to fill their 30-50 aircraft, this seems like a stupid concept particularly when you then have to work like a trojan to get what other airlines regard as a base salary.
"PJ" yr comments are fair enough. I'm happy with my Accountant (he's an ex ATO man) & I have been with him for many years now working as a plane 'driver', know him well trust him well & will go with what he says. Remember accountants like pilots are not infallible both professions (if you can call a pilot a real profession) have 'read' things the wrong way with ugly consequences.
He gave me a copy of the Tax laws on this subject & I too read it that it's not claimable (although there are area's that are 'grey') but like everything in life some get away with it some don't. I'd rather have peace of mind not wondering if the Tax man knocks on my door one day to say..."plz explain".
Self funded endo's are the way of the future I guess.
Wmk2
He gave me a copy of the Tax laws on this subject & I too read it that it's not claimable (although there are area's that are 'grey') but like everything in life some get away with it some don't. I'd rather have peace of mind not wondering if the Tax man knocks on my door one day to say..."plz explain".
Self funded endo's are the way of the future I guess.
Wmk2
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Delta, salary sacrifice is definitely koshure, once you are employed by the company it is legit.
Ironicically you quote the part of the law that is exactly the reason you can't claim it. A capital expenditure of 30K when you are currently a PA31 pilot is a bogus claim, you don't need to be any type of accountant to work that one out.
WTF ?? what little box online do you tick that basically says you absolve the airline/pilot from all responsibility of getting you to your destination safely, must've missed that one 
Conversely, you do actually sign your tax return ( try reading it next time ) saying that ( in as many words ) that you can substantiate all claims, it is their in B&W. Even when you use an accountant you are " self assessing ", you are ultimately responsible not the accountant. They have audit insurance because if the ATO comes after you, its you, not the accountant they are after.
Just remember punters, pilots make the worst financial advisors, in the ATOs eyes you are guitly until proven innocent, the fine is 100% plus interest, and just because all your mates got away with it, does'nt mean you will. Oh, and you have 5 years to sweat it out.
As it's a one off bit of training it is considered a capital expense & therefore claimable
Not exactly. That's a bit like saying that if you willingly crash an aeroplane into the ground, the powers that be will nail the accountant sitting in row 23D. "Your honour, we can prove that the accountant ticked the little box when purchasing his ticket online, thus absolving the pilot of all responsibility."
Conversely, you do actually sign your tax return ( try reading it next time ) saying that ( in as many words ) that you can substantiate all claims, it is their in B&W. Even when you use an accountant you are " self assessing ", you are ultimately responsible not the accountant. They have audit insurance because if the ATO comes after you, its you, not the accountant they are after.
Just remember punters, pilots make the worst financial advisors, in the ATOs eyes you are guitly until proven innocent, the fine is 100% plus interest, and just because all your mates got away with it, does'nt mean you will. Oh, and you have 5 years to sweat it out.
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As I read the gaf from the ATO, if Tiggrrr were to supply you with a letter of offer of emplyment stating your start date and that you must obtain the endo for the offer to be valid, the grey areas become black and white.
Of course you must commence to claim the endo in the tax year you actually undertake the training. From what I can gather they are none too willing in this area.
SN
Of course you must commence to claim the endo in the tax year you actually undertake the training. From what I can gather they are none too willing in this area.
SN
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Of course you must commence to claim the endo in the tax year you actually undertake the training.
pilots make the worst financial advisors,
Spending 5 minutes on an aviation forum doesn't make you a Pilot, but;
Spending 5 minutes on the ATO website makes every Pilot an accountant.
Why anyone would even consider working for Tiger after watching "Airways"? The idea that this is stable employment just amazes me.
Last edited by Sunfish; 21st Mar 2010 at 09:37.
"Why anyone would even consider working for Tiger after watching "Airways"?"
Because what you're seeing on TV is Aero-Care, not Tiger.
Very few Tiger employees have featured on this series for one reason or another.
Because what you're seeing on TV is Aero-Care, not Tiger.
Very few Tiger employees have featured on this series for one reason or another.
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I did catch the show last night. I must admit it makes things a bit hard if you can't connect when the first flight is delayed. So why is this the case, is it because they don't have enough aircraft or don't want to do connections full stop? Do the other carriers guarantee your connection?
I think the reason for the show is to educate the public on what to expect when flying super LCC. Maybe things will get better when more aircraft arrive or perhaps they will all be 100% tasked.
PJ. Your accountant is obviously the best aviation accountant because he told you that you can deduct your endo legally. Others say different, at the end of the day when someone gets an audit its the ATO and AAT that will have the final say. I'm not saying that will go either way, i'm just saying that my adviser has raised enough doubt so as to proceed with caution and if you expect to lose, if audited, you won't be dissapointed.
SN
I think the reason for the show is to educate the public on what to expect when flying super LCC. Maybe things will get better when more aircraft arrive or perhaps they will all be 100% tasked.
PJ. Your accountant is obviously the best aviation accountant because he told you that you can deduct your endo legally. Others say different, at the end of the day when someone gets an audit its the ATO and AAT that will have the final say. I'm not saying that will go either way, i'm just saying that my adviser has raised enough doubt so as to proceed with caution and if you expect to lose, if audited, you won't be dissapointed.
SN
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PJ. Your accountant is obviously the best aviation accountant because he told you that you can deduct your endo legally. Others say different, at the end of the day when someone gets an audit its the ATO and AAT that will have the final say. I'm not saying that will go either way, i'm just saying that my adviser has raised enough doubt so as to proceed with caution and if you expect to lose, if audited, you won't be dissapointed.
SN
SN
But consider that if you do claim for a rating then you're certainly not Robinson Carusoe either. Many many many people have made claims, some have been audited, none are in jail (
). Does the ATO reserve the right to change their mind on the matter? Of course they do. Just as CASA reserves the right to pull AOC's, Licences etc. Although I would suggest that after all these years there may be a statute of limitations issue if they (ATO) did? Then again why wouldn't they allow a rating as a deduction? A job requiring a $30k Jet rating would have you paying around $20-30k / year to the ATO in income tax as an FO. 
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PJ
Agree with you there. At no point have I said I would not claim it, I would and under all circumstances. I would however be prepared that, if audited, it would depend on my specific circumstances whether or not I would have to pay it back. In other words I would not spend the refund for at least 5 years.
None of the cases challenged by the ATO match my circumstances exactly so its a bit of an unknown for me. I am not aware of anyone having to pay it back. I would undertaking the endo at a time that lines up as many legislated conditions as possible to give me the best chance of winning should I be audited. Then again at this point I am staying where I'm at, so won't concern me anyhow.
SN
Agree with you there. At no point have I said I would not claim it, I would and under all circumstances. I would however be prepared that, if audited, it would depend on my specific circumstances whether or not I would have to pay it back. In other words I would not spend the refund for at least 5 years.
None of the cases challenged by the ATO match my circumstances exactly so its a bit of an unknown for me. I am not aware of anyone having to pay it back. I would undertaking the endo at a time that lines up as many legislated conditions as possible to give me the best chance of winning should I be audited. Then again at this point I am staying where I'm at, so won't concern me anyhow.
SN
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A change of CEO at Tiger Aus
Ms Shelley Roberts has moved over for Mr Crawford Rix.
Well done Shelley, appreciate what you have done for the operation.
Short but sweet, best of luck in your future.
Hope you keep in touch.
Thanks
Ms Shelley Roberts has moved over for Mr Crawford Rix.
Well done Shelley, appreciate what you have done for the operation.
Short but sweet, best of luck in your future.
Hope you keep in touch.
Thanks
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Shelley is burnt out, end of story. Getting Tiger into profit was one big job, would have been quite stressful also considering the shocking position Tiger was in when she joined. Tiger wouldn't be in Sydney if she wasn't around, and obviously they wouldn't have been chasing all these big traffic routes if it wasn't for her decision making.
Newbie on the block will be interesting.
Newbie on the block will be interesting.
Last edited by speed-brake; 23rd Mar 2010 at 20:49.