Julia's Blog https://www.bantacs.com.au/Jblog/ By Julia Hartman Thu, 30 Jul 2026 23:34:04 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.2 https://www.bantacs.com.au/Jblog/wp-content/uploads/2018/01/cropped-bantacs2logo-1-1-32x32.jpg Julia's Blog https://www.bantacs.com.au/Jblog/ 32 32 The $1,000 Instant Tax Deduction https://www.bantacs.com.au/Jblog/the-1000-instant-tax-deduction/ Thu, 30 Jul 2026 23:33:32 +0000 https://www.bantacs.com.au/Jblog/?p=2134 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 https://www.bantacs.com.au/Jblog/the-death-divorce-and-disaster-tax/ Fri, 24 Jul 2026 04:03:45 +0000 https://www.bantacs.com.au/Jblog/?p=2122 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 https://www.bantacs.com.au/Jblog/the-new-cgt-regime/ Tue, 23 Jun 2026 06:06:18 +0000 https://www.bantacs.com.au/Jblog/?p=2090 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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]]> No Deduction at all for Holding Costs on Holiday Homes! https://www.bantacs.com.au/Jblog/no-deduction-at-all-for-holding-costs-on-holiday-homes/ Wed, 10 Jun 2026 02:32:39 +0000 https://www.bantacs.com.au/Jblog/?p=2074 Download PDF      There is a new question we will be asking you this year.  Just how often do you use your holiday home yourself compared with the rental income it is earning?  It is no longer just a question of apportioning expenses between private and income producing times.   Unless the holiday home is used ...

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]]> A Quick Budget Fact Sheet for Residential Property Investors https://www.bantacs.com.au/Jblog/a-quick-budget-fact-sheet-for-residential-property-investors/ Mon, 08 Jun 2026 23:36:16 +0000 https://www.bantacs.com.au/Jblog/?p=2062 Download PDF       The most important message is there is nothing in the proposed legislation that suggests you should off load your existing residential rental property. Negative Gearing      Residential properties purchased after 12th May, 2026 will not be able to offset their rental losses against other income such as wages after 1st July, 2027, ...

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