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Showing posts from November, 2019

Claiming a tax deduction for repairs, maintenance and replacement expenses

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You can request a tax deduction for expenses related to the repair, maintenance or replacement of machines, tools or buildings used to generate operating income, provided that the costs are not capital expenditures. A capital expenditure is the money spent to buy assets such as plant and equipment. In this page: What you can claim What you can't claim What you can claim You can request costs for authorized repairs, maintenance or replacement, including: painting conditioning gutters sanitary maintenance repair of electrical appliances correct the losses replacement of broken parts of fences or broken glass in the windows repair machines. It is not necessary to own the property or object that was repaired to request a deduction. A repair is a repair that restores the effectiveness of the good's function without changing its character to keep it in its original state. For example, it is possible to repair faults or replace parts, but it is not possible to complete

Income protection insurance

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You can claim the costs of premiums paid for loss of income insurance. Any payment received under this policy must be included in the tax return. If the policy provides income and benefits related to assets, only the portion of the premium that can be attributed to this income is deductible. It is not possible to claim a deduction for a prize or part of a prize: for a policy that you compensate for things like personal injury when the determined policy runs through your pension and the insurance premiums are deducted from your super contributions. For example, you cannot request a deduction for: premiums for life insurance premiums for trauma insurance insurance premiums for intensive care.

From free bikes to steering wheel spikes: how to boost urban cycling

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The bicycle in London is increasing - by 56% on some routes since 2014. The construction of several protected cycle paths in the city center a few years ago has undoubtedly contributed to this change, but there are other ways to increase the number of people who ride a bicycle. Let's explore 10 ideas below: bring your ideas into the comments section. Free bicycles If the benefits of cycling, both economically and environmentally, outweigh the costs of cycling in general, why not just donate bikes? Like most cycling initiatives, this idea dates back to the Netherlands, where the Provo anarchist group distributed 10,000 white bicycles in the city of Amsterdam in the 1960s. These were free for all, assuming that "per kilometer [a bicycle], the municipality would only cost 10% of what it contributed to public transport per person and per kilometer." However, the authorities had not made the same calculations and the white bicycles were quickly removed or stolen. S