Tax

Tax

Vacancy tax expansion: Getting your house in order by 1 July

The vacancy residential land tax (VRLT) was expanded late last year to apply to all residential land in Victoria and...

24 April 2024 • By Jeremy Makowski, Coghlan Duffy

more from tax

Tax

Accountants cautioned on ‘unexpected tax consequences’ with Division 7A loans

The ATO has reminded tax professionals about the critical requirements for correctly managing Division 7A loans for...

23 April 2024 • By Miranda Brownlee

Tax

ATO explores ‘digitised guidance’ to combat Division 7A issues

Embedding ATO advice and guidance into software solutions will detect and correct errors with Division 7A ahead of...

18 April 2024 • By Miranda Brownlee

Tax

Tax expert pushes for permanent change with instant asset write-off threshold

Amendments before Parliament will see a more significant increase to the instant asset write-off threshold but for a...

16 April 2024 • By Miranda Brownlee

Tax

Broking associations hit back at payroll tax decision

The outcome of a payroll tax case by the Supreme Court of NSW sets a “dangerous precedent” and is based on “flawed”...

16 April 2024 • By Annie Kane

Tax

ATO flags trust administration changes ahead of 1 July

The ATO has provided details on tax return changes for the 2023–24 year as part of the modernising trust...

15 April 2024 • By Miranda Brownlee

Tax

ATO issues response on NALI decision by AAT

A recent tribunal decision regarding non-arm’s length income is unlikely to apply to private lending arrangements more...

12 April 2024 • By Miranda Brownlee

Tax

Common tax traps for residential rental properties

Getting claims right is more important than ever with the ATO’s increased focus on residential rental properties.

11 April 2024 • By Robyn Jacobson, The Tax Institute