tax offset

> 10 years ago
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cauncy
cauncy
WA
8407 posts
WA, 8407 posts
26 Oct 2013 12:50pm
any clued up tax dodgers out there know if its possible to put your kites through as a tax offset, ive seen kitepower and in the loop, with custom kites advertising their business, can this be seen as advertising thus being a buisness exspense,
I was just reading an article on aussie politicians and the rout of claiming big money for exspenses, bob car has claimed $750,000 plus in 6 months as foreign ambassador, so if its good enough for them its good enough for me, any help would be appreciated, thanks michael caunce trading as ozone edge carpentry
marno
marno
WA
218 posts
WA, 218 posts
26 Oct 2013 1:01pm
Great idea!
Craig66
Craig66
NSW
2466 posts
Dave Whettingsteel
Dave Whettingsteel
WA
1397 posts
WA, 1397 posts
26 Oct 2013 2:07pm
I think you would be on dodgy grounds there if you were audited by the ATO. Buy a share in a kite shop, then you probably could deduct it if you advertised the shop and derived income from the shop. I'm sure Kim would be keen!
bigtone667
bigtone667
NSW
1559 posts
NSW, 1559 posts
26 Oct 2013 5:40pm
cauncy said..

any clued up tax dodgers out there know if its possible to put your kites through as a tax offset, ive seen kitepower and in the loop, with custom kites advertising their business, can this be seen as advertising thus being a buisness exspense,
I was just reading an article on aussie politicians and the rout of claiming big money for exspenses, bob car has claimed $750,000 plus in 6 months as foreign ambassador, so if its good enough for them its good enough for me, any help would be appreciated, thanks michael caunce trading as ozone edge carpentry


Why not teach the theory of kiting on light wind days and write off your kites, boards and gear as an expense against your theoretical earnings.
pearl
pearl
NSW
984 posts
NSW, 984 posts
26 Oct 2013 9:29pm
I'm no expert, but the cost of a sign would be tax deductible not what it's attached to. (So only the cost of the screen printing) Eg if you had an advertising sign on a building, you can't claim the building, just the sign. Hope I'm wrong though. I know there was a crackdown years ago in the surfing industry with sponsorship and logos. But sponsorship may be the way around it.
dogfish
dogfish
NT
255 posts
NT, 255 posts
26 Oct 2013 8:41pm
become Foreign Minister, and travel around by kite?
stabber
stabber
NSW
1114 posts
NSW, 1114 posts
28 Oct 2013 8:30pm
daggy
daggy
WA
528 posts
WA, 528 posts
29 Oct 2013 10:10pm
kite to work ?


cauncy
cauncy
WA
8407 posts
WA, 8407 posts
29 Oct 2013 10:32pm
daggy said..

kite to work ?




id turn up each day, although somewhat late
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