There may be changes to the main residence exemption for non-residents, impacting expats and foreigners. For CGT and the family home, keep reading!
CGT and the family home: expats and foreigners targeted again
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Taxation
Vacant land deduction changes hit ‘Mum & Dad’ property developments
New legislation prevents taxpayers from claiming expenses incurred for holding vacant land. Keep reading for vacant land deduction changes!
Can the ATO take money out of your account?
Prime-time advertising have released a Your Right to Know campaign. The question is, can the ATO take money out of your account?
Tax alert: Distributions to non-resident beneficiaries
The ATO has released a tax alert: distributions to non-resident beneficiaries which may have a significant negative impact for some Australian trusts.
The $11.1 billion small business tax shortfall
Statistics show small business is responsible for 12.5% of the total estimated ‘tax gap’. So what makes up the $11.1 billion small business tax shortfall?