Julia's Blog By Julia Hartman
Download PDF Technically we do not have a death tax but there are lots of ways that death can be a windfall for the ATO. This blog looks at some of those traps and what you can do to avoid them. These traps can catch average Mum and Dad taxpayers who are not in …
Download PDF How would you interpret this piece of legislation? 900-50(1) You can deduct a *travel allowance expense for travel within Australia without getting written evidence or keeping travel records if the Commissioner considers reasonable the total of the losses or outgoings you claim for travel covered by the allowance. Each year the ATO …
Download PDF An overview from the budget papers for the issues that we think would most interest our clients. Income Tax Cuts – There will be a very modest adjustment to the lowest tax bracket currently 16%. This applies to income in the range of $18,200 to $45,000. From the first of July 2026 …
Download PDF Victoria appears to be looking to solve its state debt with land tax. Last year saw the vacancy tax extended to most of the state, except for Alpine resorts https://www.bantacs.com.au/Jblog/victorias-latest-vacancy-tax/#more-1701 There was also the dropping of the land tax threshold from $300,000 for the 2023 year to $50,000 for 2024 and …
Download PDF A clearance certificate is now required to sell any real estate in Australia. If you do not provide one, 15% of the sale price will be withheld at settlement and sent to the ATO. You can make the application yourself on the ATO web site here https://www.ato.gov.au/single-page-applications/frwt-certificate#applicationtype Be careful to use this …