Tax

Tax

ETF investors warned against rushing tax returns

The IPA has cautioned taxpayers with ETFs on the risks of lodging their tax return before receiving the necessary...

04 August 2024 • By Miranda Brownlee

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Tax

ATO provides clarity on section 99B in new draft guidance

The ATO’s guidance has clarified its approach to section 99B but may require beneficiaries to provide more extensive...

01 August 2024 • By Miranda Brownlee

Tax

ATO gives taxpayers green light to lodge returns

Taxpayers should check their details are up to date and revise rules for deductions before lodging, the Tax Office has...

31 July 2024 • By Christine Chen

Tax

SMBs to be given four years to amend returns under proposed legislation

The government has released draft legislation to implement part of its budget package aimed at reducing administrative...

29 July 2024 • By Miranda Brownlee

Tax

Three-quarters of Australians back wealth tax amid rising inequality

A survey has found most Australians support more action to rein in the ultra-rich as the G20 agreed to work on a 2 per...

29 July 2024 • By Christine Chen

Tax

Self-prepared returns on the rise in latest tax return data

The proportion of agent-prepared tax returns has seen a slight decrease from the same period last year, according to...

26 July 2024 • By Imogen Wilson

Tax

Ute tax loophole costs government $250m

A loophole in luxury car tax allows expensive utes to be purchased tax-free, based on a study by The Australia...

23 July 2024 • By Imogen Wilson

Tax

‘Bleisure’ travel claims in ATO sights, experts warn

Travellers who mix business and pleasure will face increased scrutiny as the Tax Office cracks down on work-related...

22 July 2024 • By Christine Chen