With the ATO’s new directives on the taxation of trust distributions, it’s essential to review arrangements. Book a planning session to ensure you’ve got the best beneficiary arrangements. What is a Family Trust? A family trust is a legal arrangement in...
The Australian Taxation Office (ATO) has updated its approach to how you claim expenses for working from home. The ATO has ‘refreshed’ the way you can claim deductions for the costs you incur when you work from home. From 1 July 2022 onwards, you can choose either to...
Foreign owner surcharge land tax From the 2023 land tax year, the surcharge land tax payable on residential land owned by foreign persons increases from 2% to 4% of the taxable value of the residential land owned at midnight on 31 December 2022. Early Payment Discount...
Taxation Measures The Budget does not contain major tax changes. It does seek to begin some “Budget repair work” via tax integrity measures particularly in international tax matters and in relation to debt funding by foreign controlled entities....
We thought this article might summarise for you what’s on the public record surrounding the new federal government’s tax policies. Introduction The recent federal election resulted in a change of government with the Labor party returning to the Treasury benches for...
Who Can & Can’t Access The New Exemption New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how. Electric vehicles (EV) represent just under 2% of the new car market...
