Budget hits laptop Salary Sacrifice for a six !!

HNWombat · 13th May 2008, 11:04 PM

http://www.budget.gov.au/2008-09/con...verview_26.htm

Link says it all .... basically it must be for predominantly work use and there will no tax deduction for business use.....it be interesting to see what happens to the laptop market now given the past 5-6 years of salary sacrifice fuelled demand.

neK · 13th May 2008, 11:19 PM

So is this effective immediately?

Cos i want to get my laptop

I wonder how this is going to help Australians get their laptop as promised by Kevin Rudd....

sunrise · 13th May 2008, 11:25 PM

Quote:

Originally Posted by neK

So is this effective immediately?

yes

i've also heard can no longer depreciate a salary sacrificed laptop???? *shrug*

HNWombat · 13th May 2008, 11:36 PM

Quote:

Originally Posted by neK

So is this effective immediately?

Cos i want to get my laptop

I wonder how this is going to help Australians get their laptop as promised by Kevin Rudd....

Sure is .... basically if you are anything other than a laptop toting employee with predomonately work related use you are cactus ..... the rest of us can sacrifice one but we cannot depreciate a laptop which has been sacrificed.

Scorpion1080 · 13th May 2008, 11:48 PM

YAY FOR THE GOVERNMENT!

Lucky we voted them in hey guys?

sanjay · 14th May 2008, 12:31 AM

Quote:

Originally Posted by Scorpion1080

YAY FOR THE GOVERNMENT!

Lucky we voted them in hey guys?

absolutely

its fantastic that all these tax cheats can no longer salary sacrifice laptops through work for personal use.

that and considering laptops are cheaper than ever before, people should stop being tightwads and start forking out for their own tech, its not like they cant afford it.

gtsman_05 · 14th May 2008, 12:49 AM

fixed for you...

bugger, i was going to get one later this year too

Quote:

Originally Posted by sanjay

absolutely

its fantastic that all these tax minimisers can no longer salary sacrifice laptops through work for personal use.

that and considering laptops are cheaper than ever before, people should stop using the laws available to them and start forking out for their own tech, its not like they cant afford it.

oculi · 14th May 2008, 1:05 AM

so when does this come into affect? (and yes i don't mean effect)

what a pack of assholes! now i wont buy as many toys. I like how they have a projection of income from "ready to drink beverage sales" and how it is above zero too.

im going to see what else the fun police have done, as its going to take a lot to make up for the 3-400 bucks ill be down on a laptop

Psychotik · 14th May 2008, 5:41 AM

Uh no, this doesnt come into effect until JULY 1.

HNWombat · 14th May 2008, 7:32 AM

Quote:

Originally Posted by sanjay

absolutely

its fantastic that all these tax cheats can no longer salary sacrifice laptops through work for personal use.

So everyone who uses a work asset for whatever personal use is a tax cheat....mmmmm.....well there are other flaws in you broad sweeping generalisation as well however I will not sidetrack this discussion dealing with them now

HNWombat · 14th May 2008, 7:40 AM

Quote:

Originally Posted by Psychotik

Uh no, this doesnt come into effect until JULY 1.

It came into effect immediately last night mate

madcaow · 14th May 2008, 7:48 AM

what??? ahh shithouse! was waiting till the newer macbooks were announced!

Simonk83 · 14th May 2008, 7:52 AM

Hmm. Well I'm planning on doing this through work, and I'll basically end up with the lower end Dell Inspiron for $150. Work offer a $500 discount, plus a 5% discount, plus salary sacrifice.

So assuming I say 'yes, it's predominantly for work use', I'll still be able to get it right?

djsherly · 14th May 2008, 7:54 AM

Quote:

Originally Posted by HNWombat

So everyone who uses a work asset for whatever personal use is a tax cheat....mmmmm.....well there are other flaws in you broad sweeping generalisation as well however I will not sidetrack this discussion dealing with them now

Strawman.

Laptops are the most obvious example of taking the piss. Look around the various fora, it's plain as day.

Quote:

So assuming I say 'yes, it's predominantly for work use', I'll still be able to get it right?

At that point it becomes your problem. You can sacrifice it if your employer lets you, but the onus would be on you to show that it is for work purposes.

cyrax83 · 14th May 2008, 7:54 AM

I don't understand this.

So is salary sacrifice on laptops completely scrapped now ? Or is salary sacrifice still available as long as the laptop is used primarily for work purposes ? If it is I can just get a laptop and tell work i'm going to use it for work then right ?

13th May 2008, 11:04 PM	#1
HNWombat (Banned or Deleted) Join Date: Apr 2008 Location: Burrow@Adelaide.com.au Posts: 7	Budget hits laptop Salary Sacrifice for a six !! http://www.budget.gov.au/2008-09/con...verview_26.htm Link says it all .... basically it must be for predominantly work use and there will no tax deduction for business use.....it be interesting to see what happens to the laptop market now given the past 5-6 years of salary sacrifice fuelled demand.

13th May 2008, 11:19 PM	#2
neK Member Join Date: Feb 2005 Location: Sydney Posts: 2,113	So is this effective immediately? Cos i want to get my laptop I wonder how this is going to help Australians get their laptop as promised by Kevin Rudd.... __________________ Successful Trades: Mime - PNut - Cannula - JeffK - A\|\|uSiOn - mototo - slinger - Jim80 - li2099 - Philip_PC - UnIsUx - ShaneHm2 Excellent Traders: Ronza - Protagonist - Olle_34 - RJ45 - leggit - SuiCid3 - trop - Nemstaris - ConundruM - Heist - Defyant - inspectr - shadowman - slick - ERF - rocklee2323 - Complexity - pongie - ArcTan

13th May 2008, 11:48 PM	#5
Scorpion1080 Member Join Date: May 2003 Location: Sydney/Sunny Coast Posts: 1,289	YAY FOR THE GOVERNMENT! Lucky we voted them in hey guys? __________________ *I am Sui generis.*

14th May 2008, 1:05 AM	#8
oculi Member Join Date: Aug 2004 Posts: 934	so when does this come into affect? (and yes i don't mean effect) what a pack of assholes! now i wont buy as many toys. I like how they have a projection of income from "ready to drink beverage sales" and how it is above zero too. im going to see what else the fun police have done, as its going to take a lot to make up for the 3-400 bucks ill be down on a laptop __________________ Reality or nothing

14th May 2008, 5:41 AM	#9
Psychotik Member Join Date: Jan 2005 Location: adelaide.sa.au:5161 Posts: 1,905	Uh no, this doesnt come into effect until JULY 1. __________________ [My DeviantArt \| My RedBubble \| My Gear]

14th May 2008, 7:48 AM	#12
madcaow Member Join Date: Jul 2006 Location: the rings around saturn Posts: 277	what??? ahh shithouse! was waiting till the newer macbooks were announced! __________________ world, world, I sit in my room…imagine the future

14th May 2008, 7:52 AM	#13
Simonk83 Member Join Date: Nov 2003 Location: Melbourne Posts: 1,898	Hmm. Well I'm planning on doing this through work, and I'll basically end up with the lower end Dell Inspiron for $150. Work offer a $500 discount, plus a 5% discount, plus salary sacrifice. So assuming I say 'yes, it's predominantly for work use', I'll still be able to get it right? __________________ Trades:narcoleptic, dim3z, shai12, Arkanite, anthony256, timbo3185, D r M u t l e y, MiniDisc, hawks667, dajvid (x2), atmo, nitestick, yoda123, ben_qld, bumography, MAXKNOTT, digital_ecstacy, Rickster, BLint, Laggy7, Pork_Roll, dukeman, Meth05, Sauron16, Quittersss, onigami, Tobes1990, enigma48, CD_TOASTER, WooKiE_MaN, Smokin Whale, monsoon, LiNuts, Badz0r, Rick_Hunter, nurple, Tomee, BlaCkAdDa, Dabidoo, huey48, sasuke_kun12, bugayev, MightyOz, vinhsta, feistl, Comix, jeffez, Ma Baker, Agg, more