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 Insurance payouts and tax

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lisa nolte



Posts : 186
Join date : 2009-02-15

PostSubject: Insurance payouts and tax   Wed Feb 25, 2009 1:08 pm

A Buxton resident reminds us that there are tax implications for lump sum insurance payouts, and advises contacting the Insurance Financial Ombudsman on 1800337444 before finalising any insurance payouts.
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lisa nolte



Posts : 186
Join date : 2009-02-15

PostSubject: Re: Insurance payouts and tax   Wed Mar 04, 2009 9:26 am

The following links may be helpful


ATO Guides:

Destruction of property in bushfires and other natural disasters
www.ato.gov.au/print.asp?doc=/content/29639.htm

Involuntary disposal of a CGT asset
www.ato.gov.au/print.asp?doc=/content/37148.htm

Guide to Capital Gains Tax 08, page 89-91
http://www.ato.gov.au/individuals/content.asp?doc=/content/00135932.htm
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lisa nolte



Posts : 186
Join date : 2009-02-15

PostSubject: Bushfire Legal Help   Wed Mar 04, 2009 2:34 pm

This link is to a flyer aimed at residents of Kinglake, however it contains some interesting information, and a free legal advice hotline that I am sure will apply to our area as well : bushfire legal help. It was posted on the Murrindindi site on Monday (I must have missed it)
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