Speeding Fines [do they count as a business loss?]
Nov 4th 2004, 4:32 am
#1
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Speeding Fines [do they count as a business loss?]
As you may remember I picked up a couple of fines last month and as I was going to and from my job at the time I'm curious as to whether I can put them down as a legitimate expense? 
I ask as the guy who had his drugs money stolen just got to write that off as a tax loss.
http://seven.com.au/todaytonight/story/?id=17093
I ask as the guy who had his drugs money stolen just got to write that off as a tax loss.
http://seven.com.au/todaytonight/story/?id=17093
Nov 4th 2004, 5:08 am
#2
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Re: Speeding Fines [do they count as a business loss?]
Originally Posted by cresta57
As you may remember I picked up a couple of fines last month and as I was going to and from my job at the time I'm curious as to whether I can put them down as a legitimate expense?
I ask as the guy who had his drugs money stolen just got to write that off as a tax loss. http://seven.com.au/todaytonight/story/?id=17093
I ask as the guy who had his drugs money stolen just got to write that off as a tax loss.
http://seven.com.au/todaytonight/story/?id=17093No you cant cos you cant claim car expenses to and from your place of work
Nov 4th 2004, 5:33 am
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Re: Speeding Fines [do they count as a business loss?]
Originally Posted by Siren
No you cant cos you cant claim car expenses to and from your place of work
Nov 4th 2004, 5:35 am
#4
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Re: Speeding Fines [do they count as a business loss?]
No sorry 
Its is specified quite clearly 
http://www.ato.gov.au/individuals/co...tent/18839.htm
Quick reference—non-deductible expenses
You cannot claim a deduction for the following expenses:
<.....>
* fines—for example, speeding fines when driving between jobs
<.....>
That drugs guy had a massive court fight to get the result he did.
Its is specified quite clearly http://www.ato.gov.au/individuals/co...tent/18839.htm
Quick reference—non-deductible expenses
You cannot claim a deduction for the following expenses:
<.....>
* fines—for example, speeding fines when driving between jobs
<.....>
That drugs guy had a massive court fight to get the result he did.
Nov 4th 2004, 5:41 am
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Re: Speeding Fines [do they count as a business loss?]
Originally Posted by ABCDiamond
No sorry Its is specified quite clearly
http://www.ato.gov.au/individuals/co...tent/18839.htm
Quick reference—non-deductible expenses
You cannot claim a deduction for the following expenses:
<.....>
* fines—for example, speeding fines when driving between jobs
<.....>
That drugs guy had a massive court fight to get the result he did.
Its is specified quite clearly http://www.ato.gov.au/individuals/co...tent/18839.htm
Quick reference—non-deductible expenses
You cannot claim a deduction for the following expenses:
<.....>
* fines—for example, speeding fines when driving between jobs
<.....>
That drugs guy had a massive court fight to get the result he did.
I new they'd have sewn that up good and tight.
The article made me chuckle though
"It is a decision that could see criminals lining up at the accountant, claiming repairs for getaway cars, dry cleaning on balaclavas and even claiming the cost of bullets."
Nov 4th 2004, 5:45 am
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Re: Speeding Fines [do they count as a business loss?]
Originally Posted by cresta57
Cheers ABCD,
I new they'd have sewn that up good and tight.
The article made me chuckle though
"It is a decision that could see criminals lining up at the accountant, claiming repairs for getaway cars, dry cleaning on balaclavas and even claiming the cost of bullets."
I new they'd have sewn that up good and tight.
The article made me chuckle though
"It is a decision that could see criminals lining up at the accountant, claiming repairs for getaway cars, dry cleaning on balaclavas and even claiming the cost of bullets."
Looks much more interesting now
