New TRS rules? Goods no longer included in cap?

[SYD]

Ok, so alcohol and goods are on different allowance tiers, but the OP has a point.
The goods allowance should go up with inflation or CPI or whatever

Yes, I meant to say that as well!

While we're at it, so should the $300 ATO limit of instant write-off. It's been at $300 for as long as I can remember!

Fortunately, I can push some write offable stuff through my company (phone, laptop, tablet). GST rebate quarterly (don’t have to jump on a plane) and 100% depreciation at tax time. The Covid times where quite generous for that! Must check current FY, but I think that party is over but I do need a new computer and only a month and a bit to go!

 

[Le Clair]

My understanding is the dollar value of booze allowance (2.25L) is in addition to the $900 for other “general goods”. So you can bring in a $900 watch and a $1000+ bottle of cognac (or two)?

I wasn't suggesting that the alcohol allowance was included in the general allowance. The point I was making was that the general allowance hasn't increased since 1 Feb 2005 despite inflation reducing the value of that 2005 $900 to $542.
$900 in 2005 is $1,500 in 2024.

 

[Warragul]

The point I was making was that the general allowance hasn't increased since 1 Feb 2005 despite inflation reducing the value of that 2005 $900 to $542.
$900 in 2005 is $1,500 in 2024.

The dollar value of the passenger concession has never been adjusted with inflation, only when the government, both political and administrative wings, think it needs to be done. Not saying it shouldn't be adjusted in that fashion just that there is no precedent.

It is probably a tad harder to do now (post 2005) as the states and territories have to agree as there is lost GST revenue - although not that much in the big scheme of things but its the rules.

 

[stm1sydney]

Texas levies AU$2.44 and 15 US States have no tax on spirits at all.

And despite this the LOTFAP have the highest GDP per capita in the world.

High GDP per capita correlates with low taxes, small government, and high economic freedom.