6PR - Fairfax Radio Network

What we're talking about

Paul Clitheroe's ATO Forum

Posted by: 6PR Mornings | 9 June, 2009 - 9:37 AM
Paul Clitheroe Money expert Paul Clitheroe has answered your ATO questions on small business. Look below to view his answers and thankyou for taking part in this forum.

Blog comments Your Say

  • Hi all

    Thanks for your questions over the last hour. I hope Ive been able to help. Keep in mind that the ATO is there to help - please dont be afraid to give them a call if you have any more questions.

    Cheers
    Paul

    Paul Clitheroe Tuesday 9 June, 2009 - 10:59 AM
  • Hi Cheryl

    No it wont affect normal depreciation rules. The 50% deduction is an addition to the normal deductions.

    Paul Clitheroe Tuesday 9 June, 2009 - 10:58 AM
  • Hi Martin

    Unfortunately, as the contract was pre 13 December 2008 you won't be eligible on this vehicle. Sorry mate!

    Paul

    Paul Clitheroe Tuesday 9 June, 2009 - 10:56 AM
  • Hi Susan

    As long as you advise the super fund that the contribution you are making is part deductible and part non deductible, telling them which amounts apply to each component.

    Paul

    Paul Clitheroe Tuesday 9 June, 2009 - 10:55 AM
  • Hi Gerry

    Interesting question. My feeling is that if the loan is not linked to your home loan it should be okay. Best to contact the ATO with the exact details who can help you. Better not to assume in this situation.

    Paul

    Paul Clitheroe Tuesday 9 June, 2009 - 10:52 AM
  • Hello

    We will be online for 10 more minutes. Please keep them coming. Paul

    Paul Clitheroe Tuesday 9 June, 2009 - 10:48 AM

Post a comment * Mandatory fields