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Getting On The Front Foot For Your 2024-25 Tax Return
Here are some more detailed tips relating to a couple of common claims that often attract ATO scrutiny. Working from home A lot of people are still regularly working from home for at least part of the week. If you do, you are entitled to a deduction for the additional...
Proposed Division 296 Tax: Key Issues And Implications
A recent Administrative Review Tribunal (ART) decision on working from home costs during the 2020-21 COVID lockdowns (Hall’s case) may widen the scope for claiming additional deductions for occupancy costs such as rent, mortgage interest, home insurances and rates,...
The CGT Exemption For Land Adjacent To A Home
The rules surrounding the circumstances in which a home will be fully exempt from capital gains tax (CGT) are quite extensive – and complex. One crucial one is that the exemption is only available for a home and “adjacent land to the extent that the land was used...
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