Tax Fundamentals – Deductions and Offsets

$198.00 AUD Inc. GST

Upon completion of this training, participants should be able to:

  • understand how deductions are relevant for the calculation of taxable income;
  • differentiate between the two positive limbs and four negative limbs of s 8-1;
  • identify the differences between general and specific deductions;
  • explain when a deduction has been ‘incurred’; and
  • identify the timing rules that apply to the tax deductibility of certain prepaid expenditure.

The currency of this resource material is at 2 June 2021.




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