|
|
 |
|
|
|
| |
|
WARNING! THIS PAGE MAY NOT BE UP TO DATE
|
|
|
As we no longer have the resources to keep it up to date, this website ceased to be a subscription website from March 2022
(last annual subscription accepted in December 2020)
You should not rely on it for the most up to date information. Having said that, we do update some of it from time to time.
You may still find some of it useful.
You may wish to use the atotaxrates.info website instead, which may be more up to date.
|
| |
|
Goods Taken For Private Use
|
|
|
|
* Please click on maximise [+], not the titles, to display the contents of any hidden containers *
| |
|
Links to expert information on Goods Taken for Private Use
|
 |
|
|
| |
|
2022/2023
|
 |
|
|
| |
|
2021/2022
|
|
|
The ATO will accept the following estimates of the value of goods taken from trading stock for private use by taxpayers in these industries:
|
Type of business
|
Amount (ex GST) for Adult/Child over 16 years
|
Amount (ex GST) for Child 4-16 years
|
|
Bakery
|
$1,350
|
$675
|
|
Butcher
|
$920
|
$460
|
|
Restaurant/cafe (licensed)
|
$4,640
|
$1,830
|
|
Restaurant/cafe (unlicensed)
|
$3,660
|
$1,830
|
|
Caterer
|
$3,870
|
$1,935
|
|
Delicatessen
|
$3,660
|
$1,830
|
|
Fruiterer/greengrocer
|
$960
|
$480
|
|
Takeaway food shop
|
$3,790
|
$1,895
|
|
Mixed business (includes milk bar, general store, and convenience store)
|
$4,590
|
$2,295
|
|
| |
|
2020/2021
|
|
|
The ATO will accept the following estimates of the value of goods taken from trading stock for private use by taxpayers in these industries:
|
Type of business
|
Amount (ex GST) for Adult/Child over 16 years
|
Amount (ex GST) for Child 4-16 years
|
|
Bakery
|
$1,350
|
$675
|
|
Butcher
|
$900
|
$450
|
|
Restaurant/cafe (licensed)
|
$4,640
|
$1,810
|
|
Restaurant/cafe (unlicensed)
|
$3,620
|
$1,810
|
|
Caterer
|
$3,830
|
$1,915
|
|
Delicatessen
|
$3,620
|
$1,810
|
|
Fruiterer/greengrocer
|
$930
|
$465
|
|
Takeaway food shop
|
$3,670
|
$1,835
|
|
Mixed business (includes milk bar, general store, and convenience store)
|
$4,460
|
$2,230
|
|
| |
|
2019/2020
|
|
|
The ATO will accept the following estimates of the value of goods taken from trading stock for private use by taxpayers in these industries:
|
Type of business
|
Amount (ex GST) for Adult/Child over 16 years
|
Amount (ex GST) for Child 4-16 years
|
|
Bakery
|
$1,350
|
$675
|
|
Butcher
|
$850
|
$425
|
|
Restaurant/cafe (licensed)
|
$4,640
|
$1,750
|
|
Restaurant/cafe (unlicensed)
|
$3,500
|
$1,750
|
|
Caterer
|
$3,790
|
$1,895
|
|
Delicatessen
|
$3,500
|
$1,750
|
|
Fruiterer/greengrocer
|
$880
|
$440
|
|
Takeaway food shop
|
$3,440
|
$1,720
|
|
Mixed business (includes milk bar, general store, and convenience store)
|
$4,260
|
$2,130
|
|
| |
|
2017/2018 and 2018/2019
|
|
|
The ATO will accept the following estimates of the value of goods taken from trading stock for private use by taxpayers in these industries:
|
Type of business
|
Amount (ex GST) for Adult/Child over 16 years
|
Amount (ex GST) for Child 4-16 years
|
|
Bakery
|
$1,350
|
$675
|
|
Butcher
|
$830
|
$415
|
|
Restaurant/cafe (licensed)
|
$4,640
|
$1,750
|
|
Restaurant/cafe (unlicensed)
|
$3,500
|
$1,750
|
|
Caterer
|
$3,790
|
$1,895
|
|
Delicatessen
|
$3,500
|
$1,750
|
|
Fruiterer/greengrocer
|
$800
|
$400
|
|
Takeaway food shop
|
$3,430
|
$1,715
|
|
Mixed business (includes milk bar, general store, and convenience store)
|
$4,260
|
$2,130
|
|
| |
|
2016/2017
|
|
|
The ATO will accept the following estimates of the value of goods taken from trading stock for private use by taxpayers in these industries:
|
Type of business
|
Amount (ex GST) for Adult/Child over 16 years
|
Amount (ex GST) for Child 4-16 years
|
|
Bakery
|
$1,350
|
$675
|
|
Butcher
|
$800
|
$400
|
|
Restaurant/cafe (licensed)
|
$4,640
|
$1,750
|
|
Restaurant/cafe (unlicensed)
|
$3,500
|
$1,750
|
|
Caterer
|
$3,790
|
$1,895
|
|
Delicatessen
|
$3,500
|
$1,750
|
|
Fruiterer/greengrocer
|
$790
|
$395
|
|
Takeaway food shop
|
$3,430
|
$1,715
|
|
Mixed business (includes milk bar, general store, and convenience store)
|
$4,260
|
$2,130
|
|
| |
|
2015/2016
|
|
|
The ATO will accept the following estimates of the value of goods taken from trading stock for private use by taxpayers in these industries:
|
Type of business
|
Amount (ex GST) for Adult/Child over 16 years
|
Amount (ex GST) for Child 4-16 years
|
|
Bakery
|
$1,350
|
$675
|
|
Butcher
|
$800
|
$400
|
|
Restaurant/cafe (licensed)
|
$4,580
|
$1,750
|
|
Restaurant/cafe (unlicensed)
|
$3,500
|
$1,750
|
|
Caterer
|
$3,790
|
$1,895
|
|
Delicatessen
|
$3,500
|
$1,750
|
|
Fruiterer/greengrocer
|
$790
|
$395
|
|
Takeaway food shop
|
$3,410
|
$1,705
|
|
Mixed business (includes milk bar, general store, and convenience store)
|
$4,230
|
$2,115
|
|
| |
|
2014/2015
|
|
|
The ATO will accept the following estimates of the value of goods taken from trading stock for private use by taxpayers in these industries:
|
Type of business
|
Amount (ex GST) for Adult/Child over 16 years
|
Amount (ex GST) for Child 4-16 years
|
|
Bakery
|
$1,330
|
$665
|
|
Butcher
|
$790
|
$395
|
|
Restaurant/cafe (licensed)
|
$4,490
|
$1,730
|
|
Restaurant/cafe (unlicensed)
|
$3,460
|
$1,730
|
|
Caterer
|
$3,740
|
$1,870
|
|
Delicatessen
|
$3,460
|
$1,730
|
|
Fruiterer/greengrocer
|
$780
|
$390
|
|
Takeaway food shop
|
$3,350
|
$1,675
|
|
Mixed business (includes milk bar, general store, and convenience store)
|
$4,170
|
$2,085
|
|
| |
|
2013/2014
|
|
|
The ATO will accept the following estimates of the value of goods taken from trading stock for private use by taxpayers in these industries:
|
Type of business
|
Amount (ex GST) for Adult/Child over 16 years
|
Amount (ex GST) for Child 4-16 years
|
|
Bakery
|
$1,310
|
$655
|
|
Butcher
|
$780
|
$390
|
|
Restaurant/cafe (licensed)
|
$4,400
|
$1,705
|
|
Restaurant/cafe (unlicensed)
|
$3,410
|
$1,705
|
|
Caterer
|
$3,690
|
$1,845
|
|
Delicatessen
|
$3,410
|
$1,705
|
|
Fruiterer/greengrocer
|
$760
|
$380
|
|
Takeaway food shop
|
$3,300
|
$1,650
|
|
Mixed business (includes milk bar, general store, and convenience store)
|
$4,070
|
$2,035
|
|
| |
|
2012/2013
|
|
|
The schedule for the value of goods taken from trading stock for private use is:
|
Type of business
|
Amount (ex GST) for Adult/Child over 16 years
|
Amount (ex GST) for Child 4-16 years
|
|
Bakery
|
$1,310
|
$655
|
|
Butcher
|
$780
|
$390
|
|
Restaurant/cafe (licensed)
|
$4,350
|
$1,695
|
|
Restaurant/cafe (unlicensed)
|
$3,390
|
$1,695
|
|
Caterer
|
$3,670
|
$1,835
|
|
Delicatessen
|
$3,390
|
$1,695
|
|
Fruiterer/greengrocer
|
$760
|
$380
|
|
Takeaway food shop
|
$3,270
|
$1,635
|
|
Mixed business (includes milk bar, general store, and convenience store)
|
$4,070
|
$2,035
|
|
| |
|
2011/2012
|
|
|
The schedule for the value of goods taken from trading stock for private use is:
| Type of business |
Amount (ex GST) for Adult/Child over 16 years |
Amount (ex GST) for Child 4-16 years |
| Bakery |
$1,300 |
$650 |
| Butcher |
$770 |
$385 |
| Restaurant/cafe (licensed) |
$4,300 |
$1,685 |
| Restaurant/cafe (unlicensed) |
$3,370 |
$1,685 |
| Caterer |
$3,640 |
$1,820 |
| Delicatessen |
$3,370 |
$1,685 |
| Fruiterer/greengrocer |
$760 |
$380 |
| Takeaway food shop |
$3,240 |
$1,620 |
| Mixed business (includes milk bar, general store, and convenience store) |
$4,030 |
$2,015 |
|
| |
|
2010/2011
|
|
|
The schedule for the value of goods taken from trading stock for private use is:
|
Type of business
|
Amount (ex GST) for Adult/Child over 16 years
|
Amount (ex GST) for Child 4-16 years
|
|
Bakery
|
$1,140
|
$570
|
|
Butcher
|
$770
|
$385
|
|
Restaurant/cafe (licensed)
|
$3,950
|
$1,565
|
|
Restaurant/cafe (unlicensed)
|
$3,130
|
$1,565
|
|
Caterer
|
$3,390
|
$1,695
|
|
Delicatessen
|
$3,130
|
$1,565
|
|
Fruiterer/greengrocer
|
$820
|
$410
|
|
Takeaway food shop
|
$2,970
|
$1,485
|
|
Mixed business (includes milk bar, general store, and convenience store)
|
$3,750
|
$1,875
|
|
| |
|
2009/2010
|
|
|
The schedule for the value of goods taken from trading stock for private use is:
|
Type of business |
Amount (ex GST) for Adult/Child over 16 years |
Amount (ex GST) for Child 4-16 years |
|
Bakery |
$1,130 |
$565 |
|
Butcher |
$760 |
$380 |
|
Restaurant/cafe (licensed) |
$3,860 |
$1,540 |
|
Restaurant/cafe (unlicensed) |
$3,080 |
$1,540 |
|
Caterer |
$3,330 |
$1,665 |
|
Delicatessen |
$3,080 |
$1,540 |
|
Fruiterer/greengrocer |
$810 |
$405 |
|
Takeaway food shop |
$2,920 |
$1,460 |
|
Mixed business (includes milk bar, general store, and convenience store) |
$3,680 |
$1,840 |
|
| |
|
2008/2009
|
|
|
The schedule for the value of goods taken from trading stock for private use is:
|
Type of business |
Amount (ex GST) for Adult/Child over 16 years |
Amount (ex GST) for Child 4-16 years |
|
Bakery |
$1,070 |
$535 |
|
Butcher |
$720 |
$360 |
|
Restaurant/cafe (licensed) |
$3,680 |
$1,470 |
|
Restaurant/cafe (unlicensed) |
$2,940 |
$1,470 |
|
Caterer |
$3,190 |
$1,595 |
|
Delicatessen |
$2,940 |
$1,470 |
|
Fruiterer/greengrocer |
$770 |
$385 |
|
Takeaway food shop |
$2,780 |
$1,390 |
|
Mixed business (includes milk bar, general store, and convenience store) |
$3,520 |
$1,760 |
|
| |
|
2007/2008
|
|
|
The schedule for the value of goods taken from trading stock for private use is:
|
Type of business |
Amount (ex GST) for Adult/Child over 16 years |
Amount (ex GST) for Child 4-16 years |
|
Bakery |
$1,040 |
$520 |
|
Butcher |
$700 |
$350 |
|
Restaurant/cafe (licensed) |
$3,570 |
$1,425 |
|
Restaurant/cafe (unlicensed) |
$2,850 |
$1,425 |
|
Caterer |
$3,100 |
$1,550 |
|
Delicatessen |
$2,850 |
$1,425 |
|
Fruiterer/greengrocer |
$750 |
$375 |
|
Takeaway food shop |
$2,700 |
$1,350 |
|
Mixed business (includes milk bar, general store, and convenience store) |
$3,400 |
$1,700 |
|
| |
|
2006/2007
|
|
|
The schedule for the value of goods taken from trading stock for private use is:
|
Type of business |
Amount (ex GST) for Adult/Child over 16 years |
Amount (ex GST) for Child 4-16 years |
|
Bakery |
$980 |
$490 |
|
Butcher |
$660 |
$330 |
|
Restaurant/cafe (licensed) |
$3,380 |
$1,340 |
|
Restaurant/cafe (unlicensed) |
$2,680 |
$1,340 |
|
Caterer |
$2,930 |
$1,465 |
|
Delicatessen |
$2,680 |
$1,340 |
|
Fruiterer/greengrocer |
$710 |
$355 |
|
Takeaway food shop |
$2,550 |
$1,275 |
|
Mixed business (includes milk bar, general store, and convenience store) |
$3,220 |
$1,610 |
|
| |
|
2005/2006
|
|
|
The schedule for the value of goods taken from trading stock for private use is:
|
Type of business |
Amount (ex GST) for Adult/Child over 16 years |
Amount (ex GST) for Child 4-16 years |
|
Bakery |
$940 |
$470 |
|
Butcher |
$630 |
$315 |
|
Restaurant/cafe (licensed) |
$3,230 |
$1,280 |
|
Restaurant/cafe (unlicensed) |
$2,560 |
$1,280 |
|
Caterer |
$2,810 |
$1,405 |
|
Delicatessen |
$2,560 |
$1,280 |
|
Fruiterer/greengrocer |
$680 |
$340 |
|
Takeaway food shop |
$2,430 |
$1,215 |
|
Mixed business (includes milk bar, general store, and convenience store) |
$3,080 |
$1,540 |
|
| |
|
2004/2005
|
|
|
The schedule for the value of goods taken from trading stock for private use is:
|
Type of business |
Amount (ex GST) for Adult/Child over 16 years |
Amount (ex GST) for Child 4-16 years |
|
Bakery |
$940 |
$470 |
|
Butcher |
$690 |
$345 |
|
Restaurant/cafe (licensed) |
$3,190 |
$1,270 |
|
Restaurant/cafe (unlicensed) |
$2,540 |
$1,270 |
|
Caterer |
$2,720 |
$1,360 |
|
Delicatessen |
$2,540 |
$1,270 |
|
Fruiterer/greengrocer |
$630 |
$315 |
|
Takeaway food shop |
$2,500 |
$1,250 |
|
Mixed business (includes milk bar, general store, and convenience store) |
$3,130 |
$1,565 |
|
|
|
|
This page was last edited on 22 October2022
|
Fdbco.au - An Online Quick Reference Library for Tax Agents and Financial Planners
|
|
|
|