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0708 tax return monies?

CSP

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oops my bad , i mean over $ 100,000 . See thats why im nervous ,can't add ha ha ha .

As long as you didn't just spend it all...

Lump sum payouts are handled differently when it comes to taxation though.
 

Boonz

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my tax return goes into my insurance and rego bank account...

and that account recieves top ups monthly aswell to keep it happy :p

so i never really get to spend my tax return as such, but it gets used usefully instead of having to fork out of my spendings account
 

burnz

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i heard a rumour today that the ATO is not going to let ppl claim fuel, depreciation, wear & tear, intrest on h/p, maintanance.
vertully all car expenses.
 

Boonz

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i heard a rumour today that the ATO is not going to let ppl claim fuel, depreciation, wear & tear, intrest on h/p, maintanance.
vertully all car expenses.

you can still claim fuel IF you do a log book, keep receipts and has to be classed as work purposes only
hence the log book
 

burnz

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you can still claim fuel IF you do a log book, keep receipts and has to be classed as work purposes only
hence the log book

you can allso claim fuel if you have to take your tool's to work and back, even if you work in a factory.

as for log book if you work at the same place you only have to do that once every five year's.

but thing's may change as posted above.
 

BANKS

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i heard a rumour today that the ATO is not going to let ppl claim fuel, depreciation, wear & tear, intrest on h/p, maintanance.
vertully all car expenses.

Surely that wouldnt come into effect untill july 1st...
 

burnz

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i hope it doesent come into effect ever, i enjoy sticking it to the man.
 

weedo_86

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Mine's going straight into my savings which currently holds my VS Clubsport wad of cash. Should bump it up to almost $14k.

Pity all the Clubby's i have looked are CRAP!!!!!!!!

(cough cough) i know where theres a clean one :) hopefully i get back more then last year and i'll put it in my savings
 

minux

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i heard a rumour today that the ATO is not going to let ppl claim fuel, depreciation, wear & tear, intrest on h/p, maintanance.
vertully all car expenses.

Yeah like that will happen. That will mean the government could never use fleet cars.

It wont ever happen.
 

Kikki

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I will get all mine back, coz I am a carer, also get the $600 per child per year thingo, Craig gets bugger all but has a bit to claim this year..... But all of it goes towards bills, the house or savings. Boring lol.
 
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