Shorters... Good luck!, page-760

Hey @GCar

I just realised my posted reply to you might be a little confusing as you were talking about CGT and then here I came along talking about deductions.

CGT discount eligibility below.


Regarding dividends however, another document that's worthwhile looking at is this ATOID. (Australian Taxation Office Interpretive Decision)

It is withdrawn however not because the information is inaccurate.

ATO ID 2002/948 (Withdrawn)

Issue

Is the taxpayer entitled to a deduction under section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997) for travel expenses incurred to attend a company Annual General Meeting (AGM)?

Decision

Yes. The taxpayer is entitled to a deduction under section 8-1 of the ITAA 1997 for travel expenses incurred to attend a company AGM.

Facts

The taxpayer has an investment portfolio that includes a shareholding in a company.

The taxpayer earns dividend income from their shareholding in the company.

The taxpayer intends to incur travel expenses to attend the AGM for the company.