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Five depreciation points every property investor should know - Part 2

Thursday 21 April 2016

In part 1 of this article we talked about how often property investors fail to take advantage of legitimate tax deductions… Read more

Five depreciation points every property investor should know - Part 1

Thursday 14 April 2016

Properties which generate income for their owners are eligible for significant taxation benefits. Despite this fact, according… Read more

GST credits not available for payments on behalf of super funds

Sunday 20 March 2016

The ATO has issued GST Determination GSTD 2016/1, which provides the Commissioner's view on whether employers can claim input tax credits for expenses paid on behalf of superannuation funds. Read more

Small business tax concession refused as threshold test failed

Tuesday 15 March 2016

A recent case before the Federal Court examined whether a taxpayer was entitled to the tax concessions. In particular, the Court looked at whether the taxpayer had correctly excluded a debt (a pre-1998 loan) from the MNAV test calculation. Read more

Trusts' ABNs to be cancelled if no longer carrying on business

Friday 11 March 2016

The ATO has advised that the Registrar of the Australian Business Register (ABR) will begin cancelling the Australian Business Numbers (ABNs) of approximately 220,000 trusts, where there is evidence they are no longer carrying on an enterprise. Read more

Tax relief for small businesses that restructure on the way

Monday 7 March 2016

The Government has proposed amendments to the law to provide tax relief for small businesses that restructure on a genuine basis. Read more