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On what amount is tax paid?The General [52 Posts]  Hi everyone Pertaining to wraps, is tax paid on the gross revenue (i.e. the amount the wrappee pays to the wrapper) or is Your help with this question would be greatly appreciated. Regards Nathan Qlds007 [4379 Posts]  Nathan Without going into too much depth it is paid on the "Emerging Profits" rule. If you have got your PBR then check out the ATO website. Cheers Yours in Finance   The General [52 Posts] Hi Richard Thanks for the comment. What is a PBR? Regards Nathan PaulDobson [394 Posts] Hi Nathan One of the best explanations I've seen regarding the taxation of Wraps is from Julia at: I hope that helps. Cheers, Paul Paul & Karen Dobson Talk to us about Wrap Training Joint Ventures. |
User loginIn The NewsRBA Rate Drops Rate The RBA has just announced a 100 basis point drop to its benchmark cash target rate. Developers Expectant The Federal Government's $1.5 billion first-home package has stimulated the development market. RBA Rate Cut RBA delivers investors an early xmas present by cutting its benchmark by 75 basis points to 5.25% Today's TipYou should never pay more than 30 cents in the dollar in income tax <more> Active forum topicsWhere is the bottom Author: wealth4life.com Carly Crutchfield Home Study DVD Course Author: Paulyp Who's OnlineTake The Test
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