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Articles
Player Management Fee Deductions - 2
Fringe Benefits Tax – Meal Cards
Work Related Deductions – Personal Care Services
Deductibility of Interest to Acquire Units in Hybrid Trust
Depreciation of Computer Software
Prescribed Private Funds
Tips When Selling A Property
FBT and Laptop/Portable Computers
Migration Skills
2008 Company, Trust or Partnership Tax Return Checklist
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Economic Update – July 2008
Player Management Fee Deductions - 2
The courts have been considering the deductibility of management fees paid to professional footballers’ managers for some time.

The management fees were calculated as percentages of gross earnings from both playing and non-playing.  The majority of the players’ income in the relevant years was derived from playing activities.  A deduction was sought for a fee relating entirely to negotiating the players’ playing contract with their football club. 

The taxpayer’s non-playing activities (e.g. endorsements and media appearances) could constitute a business, as conceded by the Commissioner.

 The Full Court considered that the fee, incurred in negotiation the players’ employment contract was incurred in placing the taxpayers in a position to earn employment assessable income and was therefore incurred too early to be deductible.

30th-September-2008