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The Australian Taxation Office (ATO) has issued an Interim Decision Impact Statement on the recent case of Hall and Commissioner of Taxation [2025] ARTA 600—a decision that could reshape how certain tax deductions are claimed in Australia. This case revolves around whether a taxpayer can claim deductions for home occupancy expenses and car expenses under […]
ATO Disputes Hall Case Ruling on Home Office and Car Claims Read More »
A recent case, Hall and FCT [2025] ARTA 600, is making waves in the Australian tax community—and it could have big implications for employees who claim home office or car expenses in their tax return. The AAT (Administrative Appeals Tribunal) found that the taxpayer in this case was entitled to claim occupancy and car expenses,
ATO Tightens Work-Related Deduction Rules: Hall Case Impact Read More »
In today’s economy, many Australians are exploring creative ways to ease financial pressure—especially when it comes to managing mortgage repayments. One popular strategy is renting out a room in your own home. While this can provide a steady stream of income, it’s important to understand that it may also have tax consequences, particularly when it
Capital Gains Tax Rules When Renting Out a Room in Your Home Read More »
Many new migrants to Australia own property overseas. But did you know that the way you report capital gains and losses on those foreign properties can significantly affect your Australian tax bill? Let’s take the real-life example of Jacques and Monique, a French couple in their 40s who moved to Australia in 2021. After settling
Selling Overseas Property After Migration: Key Tax Steps Read More »
As the cost of living continues to rise in Australia, many families are exploring ways to reduce their financial burdens. One topic of discussion has been whether joint tax returns could benefit couples by allowing them to split income and take advantage of lower tax rates. This potential change, if introduced, could offer significant tax
Joint Tax Returns for Couples: Key Insights & Guidance Read More »
Investors now believe there is a one-in-three chance of an August interest rate rise after inflation surged to its highest rate in six months in May. Economists have warned that underlying price pressures remain too strong. According to the Australian Bureau of Statistics, annual inflation rose to 4% in May, up from 3.6% in April.
Inflation Hits Six-Month High, Raising Risk of a Rate Rise Read More »
As Australians focus on maximizing their superannuation returns, recent research from Rainmaker brings encouraging news: self-managed superannuation funds (SMSFs) maintain their status as the most cost-effective segment in the super sector. The study, part of Rainmaker Information’s Superannuation Benchmarking Report, explores the evolving dynamics of superannuation fees and their impact on consumers. Understanding the Numbers:
Navigating the Landscape: SMSF Fees Continue to Lead the Way in Affordability Read More »