Relocation Expenses - Tax Implications
Jul 12th 2012, 1:00 pm
#1
Shiny Arse Know All
Thread Starter
Joined: Apr 2010
Location: Adelaide, somewhere
Posts: 14,180
Relocation Expenses - Tax Implications
The good news is I've managed to blag a maximum of $10k worth of relocation expenses even though we were coming anyway 
Oppo in Oz informs me that the ATO may want their pound of flesh out of this
Is this true if the expenses are based on receipted amounts or only if my employer gives me $10k cash and says spend that on relocation?
cheers
Oppo in Oz informs me that the ATO may want their pound of flesh out of this
Is this true if the expenses are based on receipted amounts or only if my employer gives me $10k cash and says spend that on relocation?
cheers
Jul 12th 2012, 1:06 pm
#2
FREE TIBET
Joined: Jun 2007
Posts: 18,840
Re: Relocation Expenses - Tax Implications
Just what oz needs,another scrounging idle arsed pom
Jul 12th 2012, 1:07 pm
#3
Shiny Arse Know All
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Joined: Apr 2010
Location: Adelaide, somewhere
Posts: 14,180
Jul 12th 2012, 1:30 pm
#4
Home and Happy
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Jul 12th 2012, 1:31 pm
#5
Home and Happy
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Location: Keep true friends and puppets close, trust no-one else...
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Re: Relocation Expenses - Tax Implications
The good news is I've managed to blag a maximum of $10k worth of relocation expenses even though we were coming anyway
Oppo in Oz informs me that the ATO may want their pound of flesh out of this
Is this true if the expenses are based on receipted amounts or only if my employer gives me $10k cash and says spend that on relocation?
cheers
Oppo in Oz informs me that the ATO may want their pound of flesh out of this
Is this true if the expenses are based on receipted amounts or only if my employer gives me $10k cash and says spend that on relocation?
cheers
Jul 12th 2012, 2:14 pm
#6
Shiny Arse Know All
Thread Starter
Joined: Apr 2010
Location: Adelaide, somewhere
Posts: 14,180
Re: Relocation Expenses - Tax Implications
I guess you've already looked through www.ato.gov.au ?
Find the ATO website to be impenetrable 
Jul 12th 2012, 2:16 pm
#7
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Jul 12th 2012, 5:17 pm
#10
Shiny Arse Know All
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Posts: 14,180
Jul 12th 2012, 10:02 pm
#11
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Relocation Expenses - Tax Implications
The good news is I've managed to blag a maximum of $10k worth of relocation expenses even though we were coming anyway
Oppo in Oz informs me that the ATO may want their pound of flesh out of this
Is this true if the expenses are based on receipted amounts or only if my employer gives me $10k cash and says spend that on relocation?
cheers
Oppo in Oz informs me that the ATO may want their pound of flesh out of this
Is this true if the expenses are based on receipted amounts or only if my employer gives me $10k cash and says spend that on relocation?
cheers
Jul 12th 2012, 10:39 pm
#12
Lost in BE Cyberspace
Joined: Feb 2009
Location: UK
Posts: 14,284
Re: Relocation Expenses - Tax Implications
The good news is I've managed to blag a maximum of $10k worth of relocation expenses even though we were coming anyway
Oppo in Oz informs me that the ATO may want their pound of flesh out of this
Is this true if the expenses are based on receipted amounts or only if my employer gives me $10k cash and says spend that on relocation?
cheers
Oppo in Oz informs me that the ATO may want their pound of flesh out of this
Is this true if the expenses are based on receipted amounts or only if my employer gives me $10k cash and says spend that on relocation?
cheers
Jul 13th 2012, 4:16 am
#13
Social Grenade Thrower
Joined: Jan 2008
Location: South Coast, NSW
Posts: 3,625
Re: Relocation Expenses - Tax Implications
The good news is I've managed to blag a maximum of $10k worth of relocation expenses even though we were coming anyway
Oppo in Oz informs me that the ATO may want their pound of flesh out of this
Is this true if the expenses are based on receipted amounts or only if my employer gives me $10k cash and says spend that on relocation?
cheers
Oppo in Oz informs me that the ATO may want their pound of flesh out of this
Is this true if the expenses are based on receipted amounts or only if my employer gives me $10k cash and says spend that on relocation?
cheers
$20k to spend on furniture, or
$5k to spend on local furniture/white goods and they relocated all my own furniture and household goods.
We took the latter and when I arrived they credited $5k to my account to spend as I wished on items for the house. All I had to do was produce receipts for my Payroll team at the end of the year for Fringe Benefit purposes (I think).
I never had any reductions from tax based on that 5k.
For your relocation as long as you can show receipts whcih add up to 10k or more you will be fine. Is this to include all your flights and removals? Its not a lot if it is but as you were moving anyway then 'ta very much don't mind if I do'! Good luck in the move, we need some more ex matelots over here to increase the common sense pool!!
Jul 13th 2012, 5:07 am
#14
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,814
Re: Relocation Expenses - Tax Implications
well, I was given 2 options:
$20k to spend on furniture, or
$5k to spend on local furniture/white goods and they relocated all my own furniture and household goods.
We took the latter and when I arrived they credited $5k to my account to spend as I wished on items for the house. All I had to do was produce receipts for my Payroll team at the end of the year for Fringe Benefit purposes (I think).
I never had any reductions from tax based on that 5k.
For your relocation as long as you can show receipts whcih add up to 10k or more you will be fine. Is this to include all your flights and removals? Its not a lot if it is but as you were moving anyway then 'ta very much don't mind if I do'! Good luck in the move, we need some more ex matelots over here to increase the common sense pool!!
$20k to spend on furniture, or
$5k to spend on local furniture/white goods and they relocated all my own furniture and household goods.
We took the latter and when I arrived they credited $5k to my account to spend as I wished on items for the house. All I had to do was produce receipts for my Payroll team at the end of the year for Fringe Benefit purposes (I think).
I never had any reductions from tax based on that 5k.
For your relocation as long as you can show receipts whcih add up to 10k or more you will be fine. Is this to include all your flights and removals? Its not a lot if it is but as you were moving anyway then 'ta very much don't mind if I do'! Good luck in the move, we need some more ex matelots over here to increase the common sense pool!!
Good drinking partner though -and a lousy taste in football teams
Jul 13th 2012, 6:50 am
#15
Waiting to be a grown-up
Joined: May 2010
Location: Adelaide
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