Property development and tax
The ATO seems to be always looking over the shoulder of property developers to make sure they are complying with their tax obligations. The considerations…
The ATO seems to be always looking over the shoulder of property developers to make sure they are complying with their tax obligations. The considerations…
The tax rules allow investing taxpayers to claim some deductions related to some of the expenses and costs that are generated when earning interest, receiving…
Inheriting a home or a legal interest in one could be the largest windfall gain that many Australians ever experience. From a tax law perspective,…
If a child is under the age of 18, and they earn income on their savings account, remember that the ATO considers that the person…
ATO takes aim at ‘you-scratch-my-back’ auditing arrangements It has long been an accepted standard that the auditor of an SMSF needs to be independent of…
You are allowed to take issue with the ATO if it disagrees with your self-assessment of your tax position. If you believe the ATO’s assessment…
In the year since event-based reporting (EBR) started for SMSFs (from 1 July 2018) the ATO says an unprecedented number of transfer balance cap reports…
The income year of 2019-20 has just ticked over, which is also the first year in which an individual is able to make additional catch-up…
In the first quarter of this calendar year, legislation was passed that will supplement the ATO’s current “same business test” for losses with a more…