TR 2019/D7 – new draft ruling on deductions for employees’ transport expenses – overlapping TR 2018/D6 for FBT purposes (Comments due 28 Feb 2020)

On Fri 13.12.19, the ATO released Draft Rluning: TR 2019/D7, which  sets out when an employee can deduct transport expenses under s 8-1 of the Income Tax Assessment Act 1997 (ITAA97).  This includes the cost of travel by airline, train, taxi, car, bus, boat or other vehicle.

See below for a summary of this draft ruling.

[Tax Month – December 2019]