Category «Work Related Expenses – Travel»

2 year overseas posting

Question Hi, If an Australian Resident Tax payer who was posted overseas in Japan for a period of two years (He was based in Tokyo for the whole duration ) was paid the following allowance’s In addition to his normal salary: Expat Allowance- Taxed Location Adj- Taxed Trans Assist- Taxed Untaxed Cost of Living Allowance. …

Fly in Fly out TA v LAFHA

Question Hi. My partner is working FIFO in Port Hedland. He is on a fixed 4 weeks on 4 weeks off, but is still casual. He receives an allowance which is named on his payslip as ‘breakfast reimbursement, lunch reimbursement, dinner reimbursement’, as well as ‘joining / leaving expenses’ We are reasonably confident that he …

Depreciation

Question I Live in Mitchell QLD, I’m working for a road construction company and are working mostly around the NT as the company doesn’t provide female accommodation and shower and toilets I purchased a caravan .What can I claim on Van and tools depreciation? Some tomes I’m roadside sometimes we are in park Answer Here …

TRAVELLING & WORKING UNDER A COMPANY STRUCTURE

Question Hi Julia,I spoke to Lyn Gower today and she gave me your number. Tried calling you and got your voice mail.I understand the concept I’ve read in your publications regarding itinerant workers travelling around OZ. But all that I’ve read is skewed towards individuals.I’ve been running my own [accounting software support] business under a …

Travel away meal allowance

Question As part of my job I am required to be away from home. I am away in various places within the country and for various lengths of time. My employer pays for my accomodation and pays a meal allowance of $30 dollars a day to cover the cost of all meals (which is shown …

Property Subdivision & GST

Question I have owned a farming property since 2002 in a company.The intention when purchasing was to build a new residence and use it as farming land.During the past 6.5 years the property has been used as farming land (cattle agistment).A decision was also taken after 1.5 years to subdivide and sell the land as …

Bare Trust

Question Thanks Julia for your answer to the question about buying shares in children’s names.I have another question. In your answer you mentioned a Bare Trust. My question is how do set up a Bare Trust orDeclaration of Trust and what are the pros and cons. I understand that if capital is added then a …

Investment in children’s names

Question Is it possible to buy shares in a child’s name when they are aged between 0 and 17. More particularly 0 and 7ie the child is unable to sign the TFN application. As I understand if the shares are bought in the name of a parent atf the TFN used is the parent’s and …

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