This Month
The taxman has a warning for property investors this year
As many as nine out of 10 landlords make mistakes or illegitimately claim extra rental deductions as part of their annual tax return.
- Tom McIlroy
March
UK’s new tax slug could force expat Aussies home
Australians living in the UK for more than four years will lose the benefits of negative gearing and franking credits on their property and shares.
- Updated
- Hans van Leeuwen
SingTel slugged in $895m ATO loss
The Tax Office has secured a transfer pricing win against the parent company of telco giant Optus.
- Tom McIlroy
February
How high earners can claw back lost stage three tax cuts
Experts explain how to reclaim lost stage three tax cuts via extra superannuation contributions.
- Duncan Hughes
Negative gearing to jump as rate rises bite
Higher interest rates will make the strategy more popular and increase tax deductions for 2.4 million landlords, who tend to be older and earn higher incomes.
- John Kehoe
January
Paying too much tax? Steps to take now before July 1 cuts
With bracket creep cutting household income, here are eight ways to benefit before the stage three changes.
- Duncan Hughes
December 2023
Tax deduction curbs ‘an attack on religious freedom’
The draft Productivity Commission recommendations on charitable giving will be fiercely opposed by religious groups.
- Tom McIlroy
October 2023
- Exclusive
- Philanthropy
Superannuation has become a wealth vehicle: Keneally
Former NSW premier and senator Kristina Keneally has ruled out a return to frontline politics and says Labor’s plans to double charitable giving needs more work.
- Tom McIlroy
Relying on bank statements for tax deductions? Think again
A Brisbane businessman learnt the hard way that bank and credit card statements are not sufficient records to prove $48,000 in tax deductions.
- Ronald Mizen
Developers face uncertainty on thin capitalisation rules
The federal government’s proposed laws to crack down on excessive tax deductions are not fit for purpose, industry figures and independent MPs warn.
- Michael Bleby
‘Game changer’ tax ruling may lead to refunds for family trusts
The AAT ruling potentially questions the past 14 years of tax treatment of about 971,000 family trusts, most of which have corporate beneficiaries.
- Duncan Hughes
September 2023
‘Small home’ bonanza as granny flats get green light
Victoria is the latest state to overhaul restrictions on backyard homes that can generate income. But experts warn there are legal, tax and funding challenges.
- Duncan Hughes
GST rise and income tax cuts ‘help high-income earners’
A 15 per cent GST to pay for income tax cuts and more welfare payments would benefit high-income households, according to economic modelling by ANU.
- John Kehoe
August 2023
ATO targets developers using mates’ rates to dodge tax
Housing investors have been warned about steep penalties for using SMSFs in property investment schemes that fail to reflect true market values and rates of return.
- Duncan Hughes
July 2023
- Opinion
- Superannuation
Get this paperwork right – or risk losing your tax deduction
Made personal super contributions in the last tax year and want belatedly to claim a tax break? This is what you need to do.
- Meg Heffron
June 2023
Why going slower could boost your tax return
Tax time starts on Saturday, July 1, but the ATO says critical pre-filled information could take weeks to appear in online systems.
- Tom McIlroy
Three family trust ploys the ATO is targeting in $1b crackdown
Under fire are deals to disguise profits as losses, overseas tax scams and trustees playing fast and loose with the rules.
- Duncan Hughes
Six tax hits for property owners from July 1
These are the key areas where federal and state governments will be raising taxes and cutting concessions.
- Duncan Hughes
- Explainer
- Philanthropy
How to give away your money like a billionaire (even if you’re not)
Public and private ancillary funds have a major branding problem. Solving it could be the key to unlocking a new generation of philanthropists.
- Lucy Dean
Why your property could be on the $100b ATO hit list
What property investors need to do to avoid a tax crackdown as rising expenses push up claims.
- Duncan Hughes