Julia's Blog
By Julia Hartman
Download PDF Delays in administrating an estate can now have huge tax consequences according to the ATO’s latest draft, draft ruling. This draft, draft isn’t even available to the public or most Accountants yet, but its likely retrospective application means we need to be prepared. This could tax everything from the family home to …
Download PDF This blog is directed at owners of strata units that are used to produce income. Note this includes owner occupiers where there is income earned by the body corporate from common property. It is also relevant to committee members who are concerned about the body corporate’s tax obligations. Tax Deduction for Body …
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 you hold the title of your home has a major effect on how it is treated when you die. If it is through a company or trust then your death will not affect the ownership of the property. Though if the trust is a fixed trust and you hold the …
Download PDF Reserve Bank Governor Phil Lowe has told struggling homeowners to rent out a room in their home so they can afford the increased interest rates. Nice to see someone with a take home pay of over $10,000 per week can empathise with the common people, but what about the tax consequences? …