New ATO Draft Ruling Changes the Scene for Employees Claiming Travel Expenses
On 28 June 2017, the Australian Tax Office (ATO) released Draft Tax Ruling 2017/D6 which sets out the general principles for determining whether an employee can deduct travel expenses. This draft ruling provides the ATO’s interpretation of when an employee’s travel expenses, including transport and accommodation, are, or would otherwise be, deductible for income tax and fringe benefits tax (FBT) purposes. The Draft Ruling looks at the deductibility of two categories of ‘trave