David Koch is one of Australia’s foremost business and finance commentators and is considered one of the 10 most influential people of all time in the financial services industry. The widely known and respected “KOCHIE” as he’s affectionately called, also understands just how important the things we talk about are to small business because he even put up his own Tax Wish List for Christmas 2009 called “For Christmas I Want…A Simplified Tax System” and where he said “I thought it might be interesting to put forward a wish list of initiatives” and further at (4) where he said (emphasis added)…
“Allow small business owners to claim part of their mortgage payments as a tax deduction when the business is run from home without sacrificing the CGT benefit. At the moment if you claim mortgage repayments as a business deduction you waive your CGT exemption rights on your home. A reversal of this law would really help small business owners”.
Well blow me down or maybe just blow me if you prefer ’cause given his significant depth of knowledge and outstanding reputation coupled with the fact he publically implied that the combined financial advice, taxation and legal professions have thus far failed to figure this out, then perhaps, you’ll concede that Deduct Your Home has actually done this very remarkable and equally tough job by itself and in so doing, that it even convinced the highest Authorities in the land to approve it but wait for it … WITHOUT ANY LAWS NEEDING TO BE CHANGED!
You can read David’s brief article here For Christmas I Want.. A Simplified Tax System.
Yeah, good on ya and thanks Kochie – mate you’re a ripper for effectively championing our years of ongoing commitment and hard work that stood up to beat such huge odds and yield these fantastic results!
So to all of Australia’s current and wannabe home-business owners; don’t stress – THE WAIT IS OVER!!!
Make It Good Debt!
What a great web log. I spend hours on the net reading blogs, about tons of various subjects. I have to first of all give praise to whoever created your theme and second of all to you for writing what i can only describe as an fabulous article. I honestly believe there is a skill to writing articles that only very few posses and honestly you got it. The combining of demonstrative and upper-class content is by all odds super rare with the astronomic amount of blogs on the cyberspace.
Hi cybermagnetik. You are very kind to praise my writing skill in terms of combining the demonstrative and upper-class content and where in all honesty, I don’t really know what the #&^* that actually means. I guess it’s a good thing – huh? Kind regards, Frank.
ON YA KOCHIE! Excellent goods from you, man. I have understand your stuff previous to and you are just extremely wonderful. I actually like what you’ve acquired here, certainly like what you’re saying and the way in which you say it. You make it enjoyable and you still care for to keep it sensible. I cant wait to read far more ON YA KOCHIE! again from you. Thanks For Share .