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24
May
  • Posted By : Administrative
  • Category: Deductions
  • Comments: 0

WHAT ARE THE CONDITIONS FOR A TAX-DEDUCTIBLE CONTRIBUTION?

If you manage a fundraising event, your followers may give donations that give them a minor benefit. As they get benefit for these it is not a gift. The Australian Taxation Office (ATO) offers tax ded...

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24
May
  • Posted By : Administrative
  • Category: Capital Gain Tax
  • Comments: 0

WHAT IS INDEXATION METHOD AND WHO CAN USING THIS METHOD?

When you make a capital from the sale of asset/s you have to pay Capital Gains Tax (CGT). You have to include this with your income tax return for the financial year. Whenever a capital gain has been ...

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24
May
  • Posted By : Administrative
  • Category: Capital Gain Tax
  • Comments: 0

WHAT ARE DEPRECIATING ASSETS? WHAT CGT EXEMPTIONS APPLY TO A DEPRECIATING ASSET?

Depreciating assets are the business assets that can be expected to decline in value over the life of the asset. It has a limited effective life. You begin depreciating an asset when it is ready and a...

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24
May
  • Posted By : Administrative
  • Category: Capital Gain Tax
  • Comments: 0

EXPLAIN THE DISCOUNT METHOD OF CALCULATING AN INDIVIDUAL’S CAPITAL GAINS

Capital Gains Tax (CGT) is not really a separate tax but is what you need to include on your income tax return for any net capital gain incurred in a financial year. You can use different formulas to ...

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24
May
  • Posted By : Administrative
  • Category: Capital Gain Tax
  • Comments: 0

EXPLAIN THE DEMUTUALISATION OF INSURANCE COMPANIES

Demutualisation is the procedure by which a mutual company is converted to a public trading company. When a mutual company becomes demutualised then the members of the company exchange their rights of...

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