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Most of us could get automatic deductions. Others could claim — up to a limit.
Some tax deductions for the cost of managing tax affairs exceed $1 million, but high wealth individual\s can write off the expense in other ways.
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Professor, School of Taxation ＆ Business Law, UNSW Sydney
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Associate Professor, Monash University
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Ann Kayis-Kumar is a Friend of The Conversation.
Founding Director of UNSW Tax and Business Advisory Clinic, UNSW Sydney
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Associate Professor, Accounting, UNSW Sydney
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Assistant Professor, School of Business, Ithaca College
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Professor of Economics, University of Canberra
