Deductions August 2020

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Running Time: 16:37

Date: 01/08/2020

• Costs of administering bushfire settlement scheme not deductible (Watson v FCT)
• Instant asset write-off subject to car limit
• Car expenses: cents per km rate for 2020-21
• IT worker entitled to claim home office expenses (McAteer v FCT)
• Car and other travel expenses denied (Hiremani)
• Bitcoin not a foreign currency (Seribu Pty Ltd)