Copyright

Copyright

© Australian Taxation Office for the Commonwealth of Australia, except where indicated otherwise. Excluding material acknowledged to other sources, you are free to copy, adapt, modify, transmit and distribute material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products). Material acknowledged to other sources can be used for non-commercial educational purposes only.

 

  • Fact 27

    The Sydney Olympic Games included a team of tax officers who advised visiting athletes of any tax obligations and helped them in reclaiming GST reimbursements for their expenditure during the games.

Allowable deduction

An expense incurred in the course of earning income that can be used to reduce assessable income. Allowable deductions are sometimes simply referred to as deductions.

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