How many points can you earn in one year?

6 Discussions

olivergray

Member since 31 Oct 2017

Total posts 2

Is there a limit to how many points an individual can earn? Is it true that over 250k it is taxable?
I am wondering if any governing body is able to track how many points are earnt.

Thanks for any insight guys!

brinkers

Qantas - Qantas Frequent Flyer

Member since 16 Jun 2011

Total posts 214

Most airline and hotel programs have no set maximum as far as I am aware. Credit Cards have various maximum points (although nothing to do with the ATO)

If points are earned through private expenditure, there is no tax consequence (TD1999/34)

250,000 points is mentioned in one of the rulings as to whether things might be looked at a bit more closely.




olivergray

Member since 31 Oct 2017

Total posts 2

What if i were to pay my business expenses through my personal cc?
As you said they have nothing to do with ATO - how will any governing body assess that?
Also I also read that it's on 'redeemed' points? That was the only way they could put a monetary value on it.

Thanks for the reply brinkers :)

daft009

Member since 09 Jul 2016

Total posts 19

i think being taxed on it is really unfair, though they haven't done it yet (not that I've read anyway)

I use my points from my business expenses so I can fly in J for my work trips, so I can fly out to my destination later (less time away from my business) and hit the ground running upon arrival and when I arrive back home I am back at work quicker, therefore reducing downtime due to jet lag.

I've increased my efficiency as I'm self employed and every hour in the day matters.

RussM

Qantas - Qantas Frequent Flyer

Member since 15 Sep 2018

Total posts 2

If points over 250k were taxed then maybe it would be arguable that any annual fees would be tax deductible.

mushmush

Singapore Airlines - The PPS Club

Member since 14 Nov 2013

Total posts 40

I run all my business expenses through amex or visa, in one year alone just on amex i earned 800k points and i had no issues. Many hospitality operators do this as they can earn over 20k a week just by paying suppliers.

Theviewfrom1a

British Airways - Executive Club

Member since 06 Apr 2018

Total posts 2

I run all my business expenses through amex or visa, in one year alone just on amex i earned 800k points and i had no issues. Many hospitality operators do this as they can earn over 20k a week just by paying suppliers.

I'm curious - giving a lot of vendors charge a credit card surcharge does this really cost in financially? Or are the points on offer too good to resist?

Having said that I'm as guilty as anyone of paying with an Amex for the points when it would be cheaper/free to use a debit card :)

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