Click this link to open the information on Item D10 label M on the ATO website.
Label M - Cost of managing tax affairs
Expenses at Item D10 are split into 3 categories:
Label N – Interest charged by the ATO
Label L – Litigation costs
Label M – Other expenses incurred in managing your tax affairs.
A worksheet (cmt) to detail expenses being claimed has been introduced at item D10. Amounts allocated to item D10 in the Motor vehicle worksheet (mve) or the Depreciation worksheet (d) will integrate calculated amounts to the worksheet.
Fees paid to a recognised tax adviser are deductible in the year they are incurred.
You cannot claim for the cost of tax advice given by a person who is not a recognised tax adviser.
CCH References
16-850 Deduction for tax-related expenses
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