16 Feb 12 2 addenda issued
On 15 February 2012, the ATO issued the following 2 addenda:
- TD 2004/75A1 - Income tax: are payments to a volunteer respite carer to cover expenses of providing respite care for a disabled person assessable income?
- TD 1995/60A1 - Income tax: are fees paid for obtaining investment advice an allowable deduction under s 51(1) of ITAA 1936 for taxpayers who are not carrying on an investment business?
The addenda reflect changes to the law resulting from the repeal of inoperative provisions by the Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006.