by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Deductions
Work related car expense deductions Are you? – Claiming work-related car expenses? At a glance: – The Tax Office has simplified the methods of claiming car expense deductions for the 2015-16 financial year. You should: – Check the available methods...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Deductions
Tax – Personal Deductions Interest deductions during construction of a property The Tax Office may accept that expenses incurred while a property is under construction are tax deductible if the taxpayer’s intention and purpose when building the property is to...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Deductions
Interest deductions during construction of a property Are you? – A taxpayer building a property to derive income? At a glance: – The Tax Office may accept that expenses incurred while a property is under construction are tax deductible if the taxpayer’s...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Income
Need to lodge an income tax return? Are you? – An individual taxpayer? At a glance: – The Tax Office has updated its instructions on whether an individual taxpayer is required to lodge an income tax return for the 2016 financial year. You should: –...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Income
Overseas Investments Are you? – A taxpayer intending to invest overseas? At a glance: – Australian resident taxpayers must consider the tax implications before investing overseas. You should: – Be aware of your tax obligations on overseas...
by Asha Hudson | Oct 15, 2018 | Client Access, Tax Personal Income
Property damage or destruction – insurance payouts Are you? – A property owner? At a glance: – Insurance payments received from property damage or destruction may have tax implications. You should: – Be aware of the tax implications when...
