Laptop - for friends son (tax benefits?)

Discussion in 'Accounting & Tax' started by Property WA, 18th Jun, 2008.

Join Australia's most dynamic and respected property investment community
  1. Property WA

    Property WA Active Member

    Joined:
    1st Jul, 2015
    Posts:
    36
    Location:
    Perth, WA
    Hi again,

    One for the accountants...

    A friend wants to buy his son (who's in year 11) a laptop that'll be used for school work. Is there any tax advantages in doing it before the end of FY?

    Or ways it could be worked so there is some tax advantages. The dads on around the 35-40% tax bracket.

    Thanks again! :)
     
    Property WA, 18th Jun, 2008
    #1
  2. MattR

    MattR Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    214
    Location:
    Sydney
    Under the Swansters budget from 1/4/08 new laptops need to be used for business/work purposes - so this is probably too late for your friend
     
    MattR, 20th Jun, 2008
    #2
  3. Property WA

    Property WA Active Member

    Joined:
    1st Jul, 2015
    Posts:
    36
    Location:
    Perth, WA
    Thanks Matt,

    I did notice something in the budget so I might look into it a bit more.
     
    Property WA, 23rd Jun, 2008
    #3