Taxpayer runs a business as an engineer, and is eligible to use small business concessions. On 1 January 2021, the taxpayer incurred $4,000 to restructure the business using a family discretionary trust.

What amount of deduction can the taxpayer claim ?

Answer rating: 100% (QA)

The deductibility of the 4000 restructure expense incurred by the taxpayer will depend on the nature ... View the full answer