Please view our newsletter here: Tax and Super Newsletter-May-2018
Interest expenses on money borrowed to buy business assets can be deductible. However there are also circumstances, allowed under tax law, where deductions are still available after the relevant asset is disposed of. We run over the details.
In this issue of your newsletter we also deal with tax and franchising, the basics of testamentary trusts, and encourage you to try a quick quiz (with answers) on business deductions.
We also explain the “work test” which is required for super contributions made for those over the age of 65.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.