Chris Jordan casts doubt on controversial $3k tax affairs cap

Labor’s proposal to limit the deductibility of the cost of managing tax affairs to $3,000 has been met with scepticism from the tax commissioner.

by | Mar 17, 2019

Touted $1m SMSF cap dealt a blow with new survey

The basis of Labor’s proposal comes from analysis of ATO data that showed that in 2014–15, 19 people claimed an average of $1.1 million in deductions for the use of “the lawyers and tax advisors that helped them pay no tax”.

Read more at the Accountants Daily

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