Deductions May 2017

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Running Time: 9:08

Date: 01/05/2017

  • Share trading losses – FCT's decision affirmed: Spence v FCT
  • Deductions disallowed: taxpayer not itinerant worker: Walker v FCT
  • Work-related travel deductions largely disallowed: Davy v FCT
  • Deductibility of cost of travelling to have a tax return prepared: TD 2017/8
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Peter McGinty, Chartered Accountants Australia and New Zealand