• New Tax Determination clarifies deductibility of advice fees for individuals

  • Dec 10 2024
  • Spieldauer: 30 Min.
  • Podcast

New Tax Determination clarifies deductibility of advice fees for individuals

  • Inhaltsangabe

  • Craig Day and special guest Tony Negline discuss Tax Determination TD 2024/7, which updates the ATO's view on what part of the cost of advice provided by a financial adviser to an individual client, can be claimed as a tax deduction.

    It is important to note this Tax Determination discusses the deductibility of advice fees paid directly by individuals who are not carrying on a business, it does not cover the tax treatment of advice fees deducted from a client’s superannuation account.


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