| Disclaimer You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4. |
Edited version of private advice
Authorisation Number: 1051818261594
Date of advice: 22 March 2021
Ruling
Subject: Travel expenses
Question
Are your travel expenses deductible?
Answer
Yes. You undertook an overseas trip in connection with your employment. The travel expenses incurred in relation to this trip, apportioned for private travel, will be deductible under section 8-1 of the Income Tax Assessment Act 1997.
This ruling applies for the following period:
Year ended 30 June 20XX
The scheme commences on:
1 July 20XX
Relevant facts and circumstances
You are employed as the Chief Operating Officer for XXXX.
You are paid a fixed salary, and a bonus which is a percentage of the net profits of the company.
You travelled to XXXX to source a new supplier for XXXX, after there were issues with some of your clients not accepting goods from your previous supplier.
You continued to be paid your salary while undertaking this travel, and you were not paid a travel allowance or reimbursed for any of your expenditure relating to this travel.
During your travel you were required to drive to multiple countries. As you were unable to obtain a rental car, due to being unable to insure across multiple countries, you shipped your personal vehicle there to undertake this required driving.
During your trip you undertook some personal travel.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
