Navigating the Main Residence Exemption
ATO ‘main residence exemption tips’ Key Considerations for Taxpayers When Selling a Home The main residence exemption needs to be considered in a variety of situations when a taxpayer sells Read More…
Sale of land subject to GST
AAT Rules on GST Liability for Land Sale Enterprise Activities Determination The AAT recently held that the sale of land by a taxpayer was subject to GST, as it was Read More…
Claiming deductions in relation to a holiday home
Maximising Holiday Home Deductions A Guide to Valid Rental Expenses Taxpayers should remember that they can only claim deductions for holiday home expenses to the extent they are incurred for Read More…
Taxpayers need to get their rental right
Important Tax Considerations for Rental Property Owners Reporting Rental Income and Managing Rental Expenses The ATO reminds rental property owners and their tax agents to take care when lodging their Read More…
Residential investment property loan data-matching program
ATO to Acquire Residential Investment Property Loan Data for Compliance and Analytical Purposes Scope, Utilisation, and Implications of the ATO’s Data-Matching Initiative for the 2021/22-2025/26 Financial Years The ATO has Read More…