Posts Tagged: Private Ruling

Why objecting to a private ruling can be a very bad idea

Usually, when you disagree with a decision made by the ATO, you lodge an objection. You can object to most decisions made by the ATO, including a private ruling. Even though you can object to a private ruling, you should consider whether you should. What is a private ruling? The tax law says that the ...

Lessons learnt about how to apply for a Private Ruling

Private rulings are decisions by the ATO about your particular situation. You can apply to the ATO to tell you, in a Private Ruling, how it will apply the tax law to your situation. If you take actions that are consistent with the Ruling, then the ATO can only tax you in the ...

Strange things people have claimed as tax deductions

You may be wondering what you can deduct in your tax return. We all know the deductions for work-related travel and laundry costs for a uniform, but what else can you deduct? I've trawled through the ATO’s Register of Private Binding Rulings to find some of the stranger deductions that taxpayers have been allowed. Guard Dogs The ...