Tax

Tax

ATO cautions tax agents on common CGT errors

Tax agents are still making mistakes in relation to the sale of CGT assets, the ATO has warned.

02 April 2025 • By Imogen Wilson

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Tax

Advisers warned on tax traps with family trust beneficiaries: CGW

Law firm Cooper Grace Ward has highlighted the potential pitfalls that can arise when defining beneficiaries within a...

01 April 2025 • By Imogen Wilson

Tax

Government kicks unenacted tax matters ‘down the road’: The Tax Institute

Taxpayers and practitioners are set to remain on “shaky ground” following the budget's failure to address a range of...

01 April 2025 • By Imogen Wilson

Tax

Tax agents raise concerns about ATO’s ‘disastrous’ rental income letters

The ATO's latest data-matching activities on rental income have seen some taxpayers receive letters with incorrect...

31 March 2025 • By Imogen Wilson

Tax

Peter Dutton pledges to halve fuel excise

Opposition leader Peter Dutton has pledged to halve the fuel excise on petrol and diesel and repeal Labor’s income tax...

28 March 2025 • By Emma Partis

Tax

Labor passes income tax cuts with support from the Greens

Parliament has passed Labor’s bill to decrease the lowest income tax rate from 16 per cent to 14 per cent from July...

28 March 2025 • By Emma Partis

Tax

Howarth reaffirms Coalition support for instant asset write-off measure

The shadow minister has promised to deliver a permanent instant asset write-off threshold at $30,000 if elected,...

28 March 2025 • By Miranda Brownlee

Tax

Controversial changes to GIC deductions pass parliament

Amendments to deny deductions for GIC and SIC have now passed both houses.

27 March 2025 • By Miranda Brownlee