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The ATO has released a Decision Impact Statement in relation to the decision of the AAT in Peter Lenten and FCT [2008] AATA 281; 2008 ATC 10-017. The case concerned whether the costs incurred by an employee teacher in respect of overseas travel and the purchase of newspapers and magazines were deductible under s 8-1 of ITAA 97. The AAT decided that 75% of the overseas travel expenses and 15% of the purchase cost of the newspapers and magazines incurred by the applicant were deductible under s 8-1. The Commissioner considers that the decision is able to be viewed as being consistent with established general principles of deductibility under s 8-1 in relation to expenses incurred by employees.

For a copy of the Decision Impact Statement, go here.

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