Claiming travel as a tax deduction

[So_Cynical]

Is traveling etc to an AGM deductible?

 

[nunthewiser]

Is traveling etc to an AGM deductible?

YES

and also visits to head offices / operations and various other visits to listed companys general goings on

is often a visitor to various agm,s etc BUT one has to watch the proportions one claims if staying for more than actual business

even overseas

Troy resources has operations in Brazil by the way

 

[Largesse]

would travel expenses incurred to attend an interview for a new job in another city be deductible?
(melb to syd)

what about expenses incurred from having to travel to that city to organise new housing as a result of getting that job?

 

[refined silver]

If you a small business owner, you could organise your next work training at the Whitsundays with sessions at 8:30am and 5pm.

Most medical conferences are overseas, people sign-in and then skip all the lectures, unless they are presenting one, and then skip the others. The ATO accept this. (Of course the ATO could try get video confirmation of lecture attendance, but then the docs could quickly produce a sick note )

 

[wiseguy]

what about claiming trading courses that run for 4 week(ends)?

 

[Garpal Gumnut]

Claim it all boys and girls , claim it all.

They can only knock it back.

Then say no speeka da English or start crying.

Crying always works.

Kerry never carried any cash, and never had receipts.

gg

 

[surfingman]

what about claiming trading courses that run for 4 week(ends)?

Yep, If you have assessable income which is related to this deduction I would claim it.

 

[So_Cynical]

YES

and also visits to head offices / operations and various other visits to listed companys general goings on

is often a visitor to various agm,s etc BUT one has to watch the proportions one claims if staying for more than actual business

even overseas

Troy resources has operations in Brazil by the way

Troy has Casposo in Argentina too...and i own a few EVG shares as well and they have property's in the Dominican republic, Peru and Venezuela. :bandit:

LOL i could have 2 weeks touring 5 country's in central and south America and claim most of the costs. :cuckoo:

 

[Gerkin]

Travel agents cannot claim their holidays as a tax deduction, My partner is a travel agent and we looked into this, there is even a specific section on the ATO sight.

If their entire trip has been sponsored as such or is for a specific work related product then they can claim it, but they cant claim their personal holidays. If they travel somewhere for a day conference, they can claim the costs of that day, but none others if they stay longer. So your example of $5k worth of travel for a course would not work unless it was just for the duration of that course, and you were travelling 1st class, 5 star hotels etc (of course you can go and do things after the classes at night).

Of course you can simply say it was for work purposes, but then that is tax evasion etc, which is an issue for a different thread.

I disagree with you Prawn. There is anexus between travel and selling travel, if you are rewarded by way of commission. Look at the following case.

► Decision Impact Statement – [2008] AATA 896, Re Carlos Sanchez and FCT
The Tax Office has released a Decision Impact Statement on the AAT's October 2008 decision in [2008] AATA 896, Re Carlos Sanchez and FCT.
The Tribunal found that overseas travel expenses incurred by the taxpayer (a travel sales consultant) were allowable deductions. The Tribunal said the applicant's calling as a travel sales consultant required degrees of knowledge and skill that would benefit from personal experience of the travel components he sold to his customers, and that the overseas travel in question had directly contributed to that knowledge and skill.
However, the Tribunal upheld the Commissioner's decision to deny deductions for "food and incidentals", as these claims could not be directly substantiated.
In the Tax Office's view, the Tribunal's decision correctly applied established principles of deductibility. Its fact sheet, Travel agents - what travel expenses can I claim?, would be amended in accordance with the findings.
The Decision Impact Statement is available here:
http://law.ato.gov.au/atolaw/view.htm?DocID=LIT/ICD/2007/3667/00001

 

[prawn_86]

We simply got our info from here:
http://www.ato.gov.au/individuals/content.asp?doc=/content/79470.htm

Where it states:

travel expenses on a holiday are not deductible.

Obviously according to the case you cited this may change, but has not done so yet...

 

[Gerkin]

We simply got our info from here:
http://www.ato.gov.au/individuals/content.asp?doc=/content/79470.htm

Where it states:


Obviously according to the case you cited this may change, but has not done so yet...

Thats only an ATO interpretation of the law, I have heard they are currently preparing a new interpretation on this.

 

[Krusty the Klown]

would travel expenses incurred to attend an interview for a new job in another city be deductible?
(melb to syd)

what about expenses incurred from having to travel to that city to organise new housing as a result of getting that job?

No and no.

 

[gooner]

We simply got our info from here:
http://www.ato.gov.au/individuals/content.asp?doc=/content/79470.htm

Where it states:


Obviously according to the case you cited this may change, but has not done so yet...

prawn_86

The key word is "holiday". If you go to to Europe on holiday as a travel agent, the costs are not tax-deductible. If you go to Europe on a fact finding mission to improve your knowledge of Europe as a place to sell as a travel agent, then the costs are deductible. Even though you may do exactly the same things whilst you are there on "holiday" and on a "fact finding mission".

 

[waz]

So as long as you take a paper and pen, go to a few museums, an AGM and bring home a map, you should be sweet.

Escondida here I come.

PS> I knew there was a reason why James Hardie has their AGM's in exotic locations. And I thought it was just to get out of asbestos obligations.

It aint that hard to turn a holiday into a fact finding mission.

 

[So_Cynical]

My mums going with Hubby (the sparky) to the US next year for a big do put on by Clipsal (i think) a few seminars etc mostly tax deductible.

 

[wildkactus]

guy's there is another way around this move os or stay geater then 183 days outside oz, go to a nice little tax free country then tax is no problem anymore.

we have a few right on our door step only a couple of hours flight away.

I made the move a couple of years back, now only come back to oz for the parents and a little business.

have friends that do the 6 months in oz and 6 months os, but for me I was going to do this then found the rest of the world.

happy deducting.

 

[jono1887]

guy's there is another way around this move os or stay geater then 183 days outside oz, go to a nice little tax free country then tax is no problem anymore.

we have a few right on our door step only a couple of hours flight away.

I made the move a couple of years back, now only come back to oz for the parents and a little business.

have friends that do the 6 months in oz and 6 months os, but for me I was going to do this then found the rest of the world.

happy deducting.

hong kong is a tax free country??

 

[Largesse]

15% personal income tax rate in Honkers....

compared to our top MTR, it would feel like it was a tax free country.....

 

[gooner]

hong kong is a tax free country??

jono 1887

Used to live there. As I recall 15% flat tax on salary income and no tax on investment income. Not exactly tax free, but not far off being tax free. And as I recall, I used to get my work to package up my holiday expenses which made them effectively tax deductible (rent as well).

 

[ChilliBlue]

What is so wrong about paying tax?

No one wants to pay tax, but if we did not, then think of all the private/government consortiums that would make us pay for general every day things.