ATO ruling: Deductibility of expenditure on a commercial website

[DomainNames]

http://law.ato.gov.au/atolaw/view.htm?docid="DTR/TR2016D1/NAT/ATO/00001"
http://law.ato.gov.au/atolaw/print.htm?DocID=DTR/TR2016D1/NAT/ATO/00001&PiT=99991231235958&Life=20160406000001-99991231235959

Confused or need more info? Ask the ATO or your accountant what this means relating to your own circumstances.

 

[findtim]

in short:
you make money......you pay tax
something DIRECTLY relates to making THAT money...........give it a go, claim it.
owning fijiholidays.com.au and going to fiji 4 times a year ! hmmmmmmmmmm, get a good accountant.
tim

PS: accountants are not accountable

 

[Cherie Quin]

Confused or need more info? Ask the ATO or your accountant what this means relating to your own circumstances.

handy to know
Domain names
49. The right to use a domain name is a CGT asset. As such, expenditure incurred in acquiring the right to use a domain name forms part of the cost base of that asset.