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The Work Christmas Party
Posted by Team AVS on 29 Nov, 2018 0 CommentsIt’s not quite Christmas time yet, but most businesses will be in the process of thinking ahead to the yuletide festivities, if not already into well-advanced planning. One of the perennial questions is if and how fringe benefits tax applies to these activities.
There is no separate fringe benefits tax (FBT) category for Christmas parties and you may encounter many different circumstances when providing these events to your staff. Fringe ben
If you rent out part or all of your home, the rent money you receive is generally regarded as assessable income. This means:
you must declare your rental income in your income tax return, and you can claim deductions for the associated expenses
you may not be entitled to the full main residence exemption from capital gains tax (CGT), which means you'll have to pay CGT on part of any capital gain made when you sell your home.
Goods and se
you must declare your rental income in your income tax return, and you can claim deductions for the associated expenses
you may not be entitled to the full main residence exemption from capital gains tax (CGT), which means you'll have to pay CGT on part of any capital gain made when you sell your home.
Goods and se
AVS BusinessServices @ What the