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 […]
https://www.taxtalks.com.au/wp-content/uploads/2019/09/numba-30.jpg4001000Jan TwilightJan Twilight2019-09-05 01:31:482019-09-05 01:31:4892 | Minor Benefit Rule
The Commissioner publishes a Taxation Ruling each year listing the effective life of depreciable assets. Here is a handy overview for small operators.
https://www.taxtalks.com.au/wp-content/uploads/2018/08/nastuh-abootalebi-284882-unsplash.jpg15362301Rokun CzeRokun Cze2018-08-20 03:22:112019-01-18 03:00:431 | Commissioner's Effective Life of Depreciable Assets for 2019