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-   The Pacific: General Aviation & Questions (https://www.pprune.org/pacific-general-aviation-questions-91/)
-   -   Tax Time (https://www.pprune.org/pacific-general-aviation-questions/333132-tax-time.html)

apache 2nd Jul 2008 07:52

however, be vague about what exams it is that you have done... ie if you say "industry text books", or "ongoing studies related to career"... then you might get away with it

Bendo 2nd Jul 2008 08:01

Teal - you seem to know a bit about this - I have a technical question for you. :}

in the second half of last year I purchased a set of Jeppesen airways manuals. They were acquired in exchange for a carton of beer, although I had to pay money :{ for the ammendment subscription.

If I can produce the receipt for the Cartoon, can I deduct that amount from my income? :confused:

Moniker 2nd Jul 2008 10:42

bwahahahaha Bendo.

The only problem I can see is that the receipt would say "X pub" and mention said cartoon = nope canna do laddy.

apache 2nd Jul 2008 11:06

Bendo... I'll write you a receipt.... how much do you want it for ?

nice beer too. thanks for that

Teal 2nd Jul 2008 13:28

Usual disclaimers apply...
 
Bendo - Moniker and Apache pretty well sum it up...:D

I was going to suggest that you just get a receipt off the seller of the Jeppesen manuals. ATO unlikely to accept a receipt for the beer under the 'Written Evidence' provisions (Sub-Division 900E of the ITAA 1997 if you can't sleep).

If you're 'in business' (ie, not an employee) it's a different story as the ATO accepts bartering at a fair market value as the basis for deductions and assessable income - GST will also be applicable in most cases.

You'll need to buy me one of those beers if you want more advice on this issue...:}

Cheers

T

apache 3rd Jul 2008 03:08

and do not forget Bendo, that you had to drive almost 700km to pick up the damn things.....and an overnight layover on the outer fringes of a capital city, where you can claim $175 per DAY without receipts, as well as fuel, car costs, and probably a SYDWAYS as well

Bendo 11th Jul 2008 07:37

...and don't forget the extra $14.75 I paid in tolls becsue I got lost "somewhere in Western Sydney" on the great Mixmaster and ended up halfway to Camden instead of "quite close to the Ettamogah" :ugh:

Us country blokes don't cope wiff Sinney traffic very well :{

Mr snuffaluffagus 29th Jul 2008 06:20

Anyone know of a aviation tax specialist in Cairns?

Muffinman 1st Aug 2008 13:20

Medical renewal
 
Just recevied my return -the ATO knocked back the doctors fee component of my medical renewal claim for the first time in my many years of returns.

Anyone else had a similiar experience - or had it accepted?

apache 2nd Aug 2008 11:37

I dunno about THAT one Bendo..

I mean, lets face it - if you could claim money just cos yer braindead, then half of western Sydney, and all of victoria, would be in for million $ tax returns!

Horatio Leafblower 2nd Aug 2008 11:47

Apache
 
That is a good point.

Taking what TEAL has said above, as an alternate view, would the new UBD that Bendo bought be considered an expenditure "incurred in a point in time too late"? :}

re: The doctor's component of the medical certificate

HOW can the ATO justify that? I have to see 2 specialists every year which adds $250 to my medical renewal in addition to the $130 the DAME and $75 to CASA.

...all expenses incurred in the course of my employment.... :confused:

AerocatS2A 2nd Aug 2008 12:16

Muffinman, how did the ATO know what the doctors fee was? When I do my taxes there is no information sent to the ATO as to what each claim actually is. They save that for if they audit me.

glekichi 2nd Aug 2008 13:26

Whats up with the popular advice to donate to a charity to increase your tax return?

I mean, donating spare cash to a charity is incredibly noble, but paying $1000 with the intent of geting $400 more tax back??? :ugh:

It seems a LOT of people (I'm not talking about this forum - just the population in general) think that claiming something in a tax return means that they are getting the item for free.

Am I missing something? :suspect:

Horatio Leafblower 2nd Aug 2008 13:39

Intaxication
 
the feeling of euphoria experienced on receiving your tax refund before you realise that the money was, in fact, yours in the first place. :hmm:

Chadzat 3rd Aug 2008 05:10

Slightly different question here-

Is there a time frame that companies are required to provide you with a group certificate? I realise you must lodge a tax return by the end of October I think? A month down the track and I am still waiting for one from a previous employer. :mad: :mad:

Teal 4th Aug 2008 05:48


Just recevied my return -the ATO knocked back the doctors fee component of my medical renewal claim
Same query as Aerocat..the itemised information of your claim is not included in a tax return - regardless of whether it was a paper tax return or electronic. So how could the ATO knock back something they don't know about? Maybe your accountant chose to exclude it..:confused:

In any event, the expense is deductible.....(TR 95/19)


Medical examinations for licence renewal: A deduction is allowable for the expenses associated with medical examinations for the renewal of relevant licences. These expenses include the cost of the travel to and from the medical practitioner.
.

Is there a time frame that companies are required to provide you with a group certificate?
By 14 July. Some slack employers send them after this date. In any event, they have to send all their PAYG data to the ATO by 14 August from memory.

Muffinman 5th Aug 2008 02:43

Thanks for the replies. Agreed that the breakdown is not sent - maybe I should clarify my earlier post - the DAME component was rejected by the accountant (whom I have used for many years and has other pilots on the books) based on his advice from the ATO and various conferences the company attends regarding rulings for this financial year. I am in disagreement with his logic based on all my research, past claims etc. At this stage I'm waiting for some supporting evidence that enables him to draw this conclusion.

If he sticks to his guns, it looks like I will move on.


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