minor benefit rule

92 | Minor Benefit Rule

The minor benefit rule is the one exception that turns a non-deductible contribution into a tax-deductible gift.  Minor Benefit Rule Is the ticket for a fundraising dinner a tax-deductible gift?  Is a successful bid at a charity auction a tax-deductible gift? The short answer is  ‘No’. The person paying gets something back in return for […]
gifts and contributions

92 | Gifts and Contributions

Every donation of money or property to a charity is either a gift or contribution.
deduct travel expenses

90 | Deduct Travel Expenses

When you deduct travel expenses from your income you save tax. That is a good thing. But you are also more likely to get audited.
Div 43

73 | Div 43

The deductions under Div 43 make up the bulk of a property investors deductions. And the good news is that the changes to Div 40 don't affect Div 43.
Div 40

72 | Div 40

Div 40 is about the deprecation of plant and equipment. Since 2017 significantly curtailed but still better than nothing.
are tolls car or travel expenses

22 | Are tolls car or travel expenses

Tolls are travel expenses and subject to GST (just in case you were wondering). And it makes sense when you think about it.
tax deduction for entertainment

7 | Tax Deduction for Entertainment

A business expense is tax deductible. Entertainment is not. Unless subject to FBT. So the all deciding question is: What is entertainment?
Tax Deduction for Conference Travel

5 | Tax Deduction for Conference Travel

How much can you claim as a tax deduction for conference travel? You might have to reduce the claim for any private portion. Here is how.
Tax Deduction for Fundraising Events

3 | Tax Deduction for Fundraising Events

If a charity event passes the Minor Benefit Rule, the DGR charity can issue a tax receipt for parts of the ticket price and auction proceeds. Here is more.
tax deduction for gifts and donations

2 | Tax Deduction for Gifts and Donations

The tax deduction for gifts and donations sits in Division 30 of ITAA 97 Deductions for Gifts and Contributions. There is a lot in that title. Let's dissect it.

61 | Property Depreciation

The rules around property depreciation are confusing at the best of times. Bradley Beer of BMT will walk you through the ifs and whens of property depreciation.