Tax Deductions for Ansett Golden Wing Life Members | Australian Frequent Flyer
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Tax Deductions for Ansett Golden Wing Life Members

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edcba

Intern
Joined
Apr 27, 2004
Messages
86
Has anyone succeeded in getting a 'bad debt' tax deduction for loss of prepaid membership privileges or frequent flyer points?
 

willyroo

Junior Member
Joined
Jan 14, 2003
Messages
38
Airline Lounge Membership
The ATO generally allows deductions for airline lounge memberships, since the facilities provided are primarily business related. If you've paid a life membership, your accountant probably apportioned the cost over 5 or 10 years. So if you paid $2,000, and your accountant has claimed $400 of this, the balance remaining ($1,600) should be immediately written off for tax purposes. If you haven't claimed any tax deductions for your lounge membership, then talk to your accountant.
Frequent Flyer Points
No tax deduction is available for lost or forfeited points.
 

arun

Member
Joined
Sep 5, 2002
Messages
311
As you do not get taxed for earning FF points, you can not claim tax deduction for the same!
 
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