Lifetime $500,000 Non-concessional Superannuation Cap
As announced in the 2016–2017 Federal Budget, the Government has proposed a lifetime non-concessional superannuation [...]
SMSF Borrowing Arm’s-length Terms Deadline Extended
The ATO has extended until 31 January 2017 the deadline for trustees of self managed [...]
Tax Time 2016: Take Care With Work And Rental Property Claims
The ATO encourages people to check which work and rental property-related expenses they are entitled [...]
ATO’s Data-matching Net Widens
The ATO has announced details of its various data-matching programs. Most of the announcements regard [...]
ATO Safe Harbour For SMSF Borrowings
The ATO has released guidelines that set out the “safe harbour” terms on which trustees [...]
Individuals Caught In “Panama Papers” Leak
The ATO has advised that it is investigating more than 800 individuals after a leak [...]
Holiday Homes: Tax Considerations
Australians who let their holiday homes for only part of the year should be aware [...]
Car Expenses And Special Arrangements For The 2016 FBT Year
The ATO has released guidance about using the cents per kilometre basis for claiming car [...]
Tax Incentives To Promote Innovation
Innovative companies with an interest in getting involved in the “ideas boom” need to be [...]
Individuals
For the 2015–2016 income year, the general tax-free threshold available to Australian resident taxpayers is [...]