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Evidencing Tax Deductibility of Advice Fees

Recorded 26 August 2025. How to assess and support the tax deductibility of advice fees

Detailed explanation of advice fees that are tax-deductible and not deductible
Participants who register and attended will receive the Excel tool and summary guide

Recorded 26 August 2025

The ATO’s recent release of Tax Determination TD 2024/7, along with updated guidance from the FAAA, has clarified the rules around the deductibility of financial advice fees. In this practical webinar, we’ll unpack the latest guidance and outline the conditions under which individuals may be entitled to a deduction for advice fees under sections 8-1 and 25-5 of the Income Tax Assessment Act 1997.

You’ll learn how financial advisers, accountants, and clients can work together to ensure that deductions are correctly assessed, appropriately documented, and aligned with ATO expectations.

We’ll also introduce a purpose-built Excel tool designed to help you calculate and evidence the deductible portion of advice fees. Through case studies, we’ll demonstrate how the tool can support you apply a framework, populate an invoice template, and draft Statement of Advice (SoA) wording. You will receive access to this Excel tool to use in your own practice by registering for this webinar.

Whether you're an adviser, accountant, or tax practitioner, this session will give you the confidence and resources to navigate the new landscape of advice fee deductibility.

Total 1.25 CPD Hours

On completion, participants will be able to:

Understand deductibility of advice fees
Calculate components of advice fees that are deductible, how to justify and provide evidence required

Conrad Gilbert

Professionalism & Governance Specialist, Knowledge Shop

Conrad has over 35 years of experience in financial services. He works with professionals to navigate the practical impact of change on their practices and clients.

In addition to his work with Knowledge Shop, Conrad is currently completing a PhD at Griffith University. He holds an MBA and a Postgraduate Diploma in Business Administration from the University of Qld, a Postgraduate Diploma in Research Studies, and a Bachelor of Commerce from Griffith University.