Julia's Blog
By Julia Hartman
Download PDF Update – The ATO have released a draft ruling TR 2025/D1 about holiday homes that are used for both private and rental income purposes. The ruling does not allow a tax deduction for any of your ownership costs such as rates, insurance, interest, depreciation, land tax, repairs and maintenance unless the property is …
Download PDF – Updated 27th June 2025 Home Deposits – Made SimpleTwo Years @ $200 Per Week and No LMI Combine the First Home Guarantee with the Super Saver Scheme to buy a home with nearly one third of your deposit being tax savings. If you have a child the government will provide you with …
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 – 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 …
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 …