Wednesday, September 15, 2010

Family Advocacy information on Tax Free status of payments

At a recent Supported Living Forum Family Advocacy  provided the  attached information on tax free reimbursements.

This information has been gathered to provide a general understanding, it will be necessary to  make your own inquiries for your own unique situations.

Tax free reimbursements are available in a number of jurisdictions across Australia including NSW. They are used to support children and adults with disability and draw on experience in the area of foster care. Some services believe a ruling from the Australian Tax office (ATO) is essential and others believe the concept and practice is a well established principle and have paid support people on this basis over many years without specific ATO rulings.

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