Hi people
Just wondering if you have bought some second hand stuff from individuals for your IP, I think they are tax deductible?
If so, what do you need to for a proper receipt? It seems too easy to fabricate.
If you can’t prove it how can you justify it at a tax audit. Get a receipt book, put in the purchase details & seller’s name. You can’t claim the gst, as there is none.
Scott No Mates wrote:If you can't prove it how can you justify it at a tax audit. Get a receipt book, put in the purchase details & seller's name.Is a handwritten receipt in one of those carbon copy cheapie receipt books from the newsagent with date, amount, details and sellers name honestly enough to substantiate a receipt for tax purposes? so i could seriously claim the $200 fridge from gumtree and the washing machine i put in my IP?
As long as the receipt can identify the seller & amount, it should suffice. Most people aren’t registered for gst, so can’t issue a tax invoice.
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