Subisidising healthcare for the elderly :(

[Sturdee]

Not a bad idea .
Jack


Jack, as a tradesman I thought that you already claimed all the GST back on your workshop equipment. :confused:


Peter.

[Studley 2436]

If Coles and Woolies operated pharmacies they would probably do what thay have done to all the other small businesses. And they would try to soak up as much of that 500 mil as possible.
The thing is that the law at present requires you to be a pharmacist to own a pharmacy. There is also a rule about how close two Pharmacies can be to each other. Get rid of those rules and allow some competition.

Looking at the profit returns on Woolies and Coles and they are not outrageous. I don't see a problem.

Stevo

[Jack E]

Jack, as a tradesman I thought that you already claimed all the GST back on your workshop equipment. :confused:

I am not self employed so I claim all my "work related" tools as a deduction, not as a GST rebate. This is 100% for tools under $600 I think and tools over that price are depreciated over the years. I have just changed employers and all the tools I need are now provided by them.

I am more than likely starting my own contracting business in Jan and can't wait to see how much money I can make "disappear" then. Although I do see running ones own business like owning investment property, if you are doing it purely to avoid tax there are better ways.

It might look a bit dodgy if as a Refrigeration Mechanic / Electrician I claim some of the tools I have purchased in the last financial year.

Except as a hobby I can't justify the purchase of two table saws, a jointer, a bench sander, a DC and about 20 hand planes just to name a few :D :D :D

Jack.

[Gingermick]

It might look a bit dodgy if as a Refrigeration Mechanic / Electrician I claim some of the tools I have purchased in the last financial year..
Work related education expenses.
You never know when you need to dovetail a busted fridge door

[Jack E]

Work related education expenses.
You never know when you need to dovetail a busted fridge door

Now wouldn't that look good :) :)

Jack

[Sturdee]

It might look a bit dodgy if as a Refrigeration Mechanic / Electrician I claim some of the tools I have purchased in the last financial year.

Except as a hobby I can't justify the purchase of two table saws, a jointer, a bench sander, a DC and about 20 hand planes just to name a few :D :D :D

Jack.

Many do justify it and have it accepted by the ATO as their workshop is used to produce income.

A DJ I know justified his workshop equipment so he could build boxes to house his ever increasing music collection. He is forever practising how to make better boxes. :D

A plumber I also know uses his workshop to build boxing for drainage pits. :D Uses lovely dovetails and all. :D


Peter.

[Jack E]

Sturdee,

I would like to try it but I already have a few grand worth of legitimate tool claims.

Couple that with the fact that my place of work is an hours flight from my workshop (work is 250k's north of Mt Isa) and the justification becomes difficult.

Jack