Taxpayers not carrying on an agistment business
The Administrative Appeals Tribunal (‘AAT’) has held that two taxpayers were not carrying on a business of providing services to...
07 June, 2023
Blog
Last chance to claim deductions under temporary full expensing
Deductions under ‘temporary full expensing’ are only available in the 2021-, 2022- and 2023-income years, and are expected to come...
07 June, 2023
Residential investment property loan data-matching program
The ATO has advised that it will acquire residential investment property loan data from authorised financial institutions for the 2021/22...
07 June, 2023
2023/2024 Federal Budget
1. Personal income tax measures 1.1 Increasing the Medicare levy low-income thresholds The Government will increase the Medicare levy low-income thresholds for...
11 May, 2023
Know the rules for accessing superannuation
The ATO has reminded SMSF trustees that their SMSF must be operated for the sole purpose of providing retirement benefits...
11 May, 2023
Electric vehicle home charging rates: cents per km
The ATO recently released draft guidelines setting out a methodology for calculating the cost of electricity when an electric vehicle...
11 May, 2023