Login Now to remove this and all advertisements (GOLD and SILVER members)
Not a member? Register Now for free

Tax Deductions for Ansett Golden Wing Life Members

Status
Not open for further replies.

edcba

Intern
Joined
Apr 27, 2004
Messages
87
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!
 
Trying to access your favourite Australian websites when overseas only to discover they have been geo-blocked? Concerned about your internet privacy especially when using unsecured wifi? NordVPN will solve both these common problems.

Recommended by the Australian Frequent Flyer
Status
Not open for further replies.

Community Statistics

Threads
86,412
Messages
2,087,952
Members
53,791
Latest member
sunshineecocleaners
Top