Julia's Blog

Death Tax may see Jodi Homeless!

Ellen — Tue, 18 Aug 2026 23:07:49 +0000

Download PDF I wonder if Anthony Albanese has considered how his attack on our CGT legislation is going to affect him? Maybe he will pay more attention to the detail instead of pushing legislation through parliament without professional consultation. If he considers his circumstances, which are not that unique and could in one way ...

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Death Tax will make Widow Homeless unless Husband Dies before 1st July, 2027

Ellen — Tue, 18 Aug 2026 23:05:35 +0000

Download PDF A lovely couple, I hadn’t seen them in a few years, since they retired. Very sad news he has been diagnosed with pancreatic cancer but that wasn’t his major worry. He always felt that his wife would be fine, they own their house so she should be able to get by on ...

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The $1,000 Instant Tax Deduction

Julia Hartman — Thu, 30 Jul 2026 23:33:32 +0000

Download PDF The new section introducing this is 25-130 ITAA 1997, the wording is interesting. It specifies that you have to be an Australian resident at some time during the year and derive “assessable labour income” during the year. That term assessable labour income raised my eyebrows, I wondered if it was determined by the ...

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The Death, Divorce and Disaster Tax

Julia Hartman — Fri, 24 Jul 2026 04:03:45 +0000

Download PDF A Death, Divorce and Natural Disasters Tax has been hidden in the budget and it is far further reaching than the widow’s tax on negative gearing that has been getting all the attention. In fact that issue is a non event because the rental property will have to be sold to pay ...

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The New CGT Regime

Julia Hartman — Tue, 23 Jun 2026 06:06:18 +0000

Download PDF I am not objecting to the replacement of the 50% discount with indexation. Sometimes indexation will produce a lesser capital gain than the 50% discount as under the discount half of your gain would be taxable no matter how bad inflation had been. With indexation at least you are only taxed on ...

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