Required: Briefly describe which of the following deductions would be deductible under section 8-1 if the relevant specific deductions mentioned did not exist in the legislation (citing authority ) . Donation to a charity (which assists homeless persons) by an employee lawyer, where the donation is deductible under Division 30. Repairs to office premises owned and used by a business which are deductible to that business under s 25-10. Depreciation deductions under Division 40 for a car owned and used by a delivery business for undertaking deliveries. An employee deducts amounts payable to their registered tax agent for defending themselves against an ATO tax audit under s 25-5.

Required: Briefly describe which of the following deductions would be deductible under section 8-1 if the relevant specific deductions mentioned did not exist in the legislation (citing authority ) . Donation to a charity (which assists homeless persons) by an employee lawyer, where the donation is deductible under Division 30. Repairs to office premises owned and used by a business which are deductible to that business under s 25-10. Depreciation deductions under Division 40 for a car owned and used by a delivery business for undertaking deliveries. An employee deducts amounts payable to their registered tax agent for defending themselves against an ATO tax audit under s 25-5.

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter5: Business Deductions

Section: Chapter Questions

Problem 11BCRQ

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