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Re: The magic of tidying

yeah no car in the country is not really an option @Former-Member  yes its very expensive to run.

anyway see what they say after they have a look at it.

maybe next vehicle will be a ute and will claim everything on tax,wear, servicing, mileage, repairs put it all on ABN for tax lol

Former-Member
Not applicable

Re: The magic of tidying

Ute expenses can't be claimed for tax unless its involved for the purposes for gaining income. If you drive to work with ute its not deductible but if you drive from client to client using ute as part of business its claimable as a deduction @TAB 

 

I have been doing some tidying like @Oaktree has I emptied the doors of my fridge and had stuff that needed to be tossed out so more room in there. Will get fridge storage containers from Big W.

 

Just put my crystal collection in salt water to cleanse them and will put them outside during the new moon eclipse on Thursday night.

 

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Re: The magic of tidying

Good job @Former-Member 

 

I need to clean my fridge too

 

Meggle

Re: The magic of tidying

The catch with tax and ABN is tools @Former-Member  .

Former-Member
Not applicable

Re: The magic of tidying

I don't understand what you mean, for a vehicle you have to demonstrate that you are using it in the process of generating an income for the purposes of deduction. There are extensive tax law precedents that show a decisive link between money earned and use of a vehicle

 

There aren't many legal tax loopholes for the average member of the general public, taxation is mainly designed around big business and trusts @TAB 

 

I would discuss it with your accountant or tax agent 

Re: The magic of tidying

having a meltdown atm conveyancers want physical copies of ID have left at brothers in Adelaide.

Iknow what I said for a fact, have done it, know people who still do it. google ABN for trades maybe @Former-Member 

Former-Member
Not applicable

Re: The magic of tidying

I hope your brother is co-operative @TAB 

 

I never heard of that before. So long as the taxman doesn't come after you. My brother did income splitting under the advice of his accountant. I could have told him it was illegal but he did not know. He went by what the accountant told him. Tax rulings change every day and its been 30 years since I had my nose in a CCH tax manual.

 

Just be careful.

Former-Member
Not applicable

Re: The magic of tidying

Re: The magic of tidying

I do not want to discuss tax with you thanks @Former-Member  I told you what I know and what accountants have said to me etc  if you disagree thats fine.

Re: The magic of tidying

brother found it but is so stupid he sent hopeless scan of it as too lazy to go to post it , has no idea @Former-Member