Entries by Matthew Prawirohardjo

Deductibility of electric vehicle used for work

You have just purchased yourself a shiny new Tesla in the hopes of never again having to spend over $2 per litre of fuel. Now what? What deductions are you entitled to for this electric vehicle? If you are an employee or a sole trader, you can either make your claim using the cents per […]

Risks associated with wash sales

A strategy for investors who own shares that have decreased in value might be to sell them resulting in the capital loss being crystalised and used to offset future gains in their tax returns. However, what if you wanted to retain the shares and crystallise the loss? Is this possible? What if you sold the […]