PHI and Gap Costs

Subject: PHI and Gap Costs Tue 01 Mar 2011, 9:04 am

Hi everyone,

can anyone help me? My son would like to have the sleeve done as I did. He is insured so that isn't a problem. I did read here I'm sure that you can claim all the gap back in your tax return. Is this correct or am I dreaming? If so how and what do you claim it under?

thanks Andrea

Subject: Re: PHI and Gap Costs Tue 01 Mar 2011, 9:16 am

Yes you can.

This is the info from last years tax return...........

http://www.ato.gov.au/individuals/content.asp?doc=/content/00218527.htm

Subject: Re: PHI and Gap Costs Tue 01 Mar 2011, 9:41 am

Thanks for that Janette.

It's so appreciated. I have sent the link on to our son. The poor thing he really is staring down the barrel of a gun with both of his parents being over weight. I'm the sleever hubby is the bander...

Have a great evening

Andrea

Subject: Re: PHI and Gap Costs Tue 01 Mar 2011, 8:42 pm

Just adding this year the out of pocket has gone up to $2000 but he can add in all family expenses, we have done this with our tax for the past 4 years.

Subject: Re: PHI and Gap Costs Tue 01 Mar 2011, 8:55 pm

Think I read this somewhere!
I am $6000 out of pocket for my tummy tuck, then I have to add everything else.
Roll on tax time.................putting it towards my next lot of plastic surgery.
PHI and Gap Costs 542174

Subject: Re: PHI and Gap Costs Tue 01 Mar 2011, 9:15 pm

This explains it all pretty well I think.

http://www.thetaxwiseblog.com/australian-medicare-levy/the-medical-expenses-offset-rebate/

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