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ATO ruling: Deductibility of expenditure on a commercial website

Discussion in 'Resources & Success Stories' started by DomainNames, Mar 20, 2017.

  1. DomainNames

    DomainNames Membership: Community

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  2. findtim

    findtim Membership: VIP

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    auDA Member:
    Yes
    in short:
    you make money......you pay tax
    something DIRECTLY relates to making THAT money...........give it a go, claim it.
    owning fijiholidays.com.au and going to fiji 4 times a year ! hmmmmmmmmmm, get a good accountant.
    tim

    PS: accountants are not accountable
     
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  3. Cherie Quin

    Cherie Quin Membership: Community

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    handy to know:)
    Domain names
    49. The right to use a domain name is a CGT asset. As such, expenditure incurred in acquiring the right to use a domain name forms part of the cost base of that asset.
     
    Last edited by a moderator: May 5, 2017
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