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to construct its power plant and to connect the plant to Eskom’ s grid. In general terms, for expenditure to be deductible for tax purpose, it is a requirement. FAST WAGE AND TAX FACTS is distributed with the understanding that the publisher is not rendering legal, accounting, tax or other professional services. If legal advice or other assistance is required, an attorney, CPA or tax adviser should be consulted. Minimum wage rates may vary by industry and may be superseded by Federal minimum wage rules.
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The Australian Tax Office [ ATO] has released its findings regarding the treatment of income generated from selling electricity back to the grid. In short, the finding was very favorable for projects installed on a principal residence as the credits or payments will not be classified as assessable income for tax purposes.