Nettete-bikes, FBT, and salary sacrificing. Entering into a remuneration package to secure a vehicle through a salary sacrifice arrangement is a popular option offered to … NettetThe ATO’s ruling GSTR 2002/5 recognises that leasing activity on a regular or continuing basis is an enterprise and can be the subject matter of a supply of a going concern. The ruling does not seek to distinguish between multi-tenanted and single-tenanted premises nor to rule out sales of single-tenanted commercial premises as qualifying.
Lease Incentives under ASC 842 Explained with a Full Example
Nettet1. jul. 2024 · From July 1, the threshold for fuel-efficient vehicles will be increased by 6.6 per cent to $84,916, while for all other vehicles it’s up by only 3.9 per cent to $71,849. Per the Australian Tax Office’s (ATO) definition, a fuel-efficient vehicle is one with fuel consumption that doesn’t exceed 7.0L/100km on the combined cycle. The ... Nettet19. feb. 2024 · On 17 February 2024, the Australian Taxation Office (ATO) released the following new guidance in relation to whether an employee is “travelling on work” or otherwise, and the income tax and fringe benefits tax (FBT) treatment of associated travel expenses: Draft Taxation Ruling TR 2024/D1: Income tax and fringe benefit tax: … new haven section 8
AASB 16: Make good provisions, what changes? - KPMG Australia
NettetGoods and Services Tax Ruling. Goods and Services Tax Ruling. Goods and services tax: ... Lease incentives. 77. A lease incentive is an amount paid, or other consideration provided, ... ATO references: NO T2000/009179 ISSN 1443-5160. Related Rulings ... Nettet31. jul. 2024 · As a tenant, it is important you understand the different types of lease incentives available, as well as the tax implications for each method. You should also seek legal assistance to ensure any clawback or pay back requirements are not onerous. If you have any questions, contact LegalVision’s commercial leasing lawyers on 1300 … newhaven secondary school chatsworth