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What types of expenses and taxpayers do the substantiation rules in DIV 900 IRAA97 apply to? What kinds of records satisfy the substantiation rules? Discuss

  1. What types of expenses and taxpayers do the substantiation rules in DIV 900 IRAA97 apply to? What kinds of records satisfy the substantiation rules?
  2. Discuss the concessionary capital allowance rules that apply to SBEs under Subdivision 328-D ITAA97?
  3. What is the objective of the imputation system? How does it achieve this objective?
  4. How are capital gains and losses relating to a partnership assets dealt with?

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