Julia's Blog
By Julia Hartman
Download PDF ATO interest charged after 1st July, 2025 will no longer be tax deductible. A measure budgeted to raise $500million over the 3 years forward estimates period. The current ATO interest rate is 11.17% for the GIC, payable when you have not paid a debt you know you owe. The SIC is 7.17%, …
“Scams don’t just steal your money — they steal your peace of mind.”— Unknown Sadly, the world is being taken over by AI — and with it, a tidal wave of fake content. This morning alone, my inbox has been flooded with reports of scam emails spreading blatant lies about superannuation. These messages claim that super withdrawals are being …
Download PDF General Deductions: You can only pay a maximum of 12 months in advance. In the case of interest payments check if the bank will let you do this and that they do treat it as an interest payment not just let it reduce the loan balance. If you pay rates, insurance …
Download PDF There is so much material around about buying and owning an investment property but not much about how it all works out in the end. The general idea is the investment property is negatively geared for much of your working life. The losses are then recovered by the capital gain you will realise …
Download PDF – Updated 3rd May 2025 If your Home or Investment Property Was Damaged in the Fires or the Floods, The taxman is lurking behind those new green shoots of regrowth and what a bonanza to be had. The ATO can easily administer through already established data matching with land titles offices and insurance …