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 If you have close to $3mil or more in superannuation you are probably already aware that the government is rethinking its previously announced policies on large superannuation balances. At this early stage nothing is certain, there is still to be much consultation before the law is drafted. This blog is written to …
Download PDF Good record keeping is probably the most effective tax tip going. This blog covers the record keeping requirements for cars, mobile phones and home office claims. Vehicles: In order to claim a vehicle you must “hold” the vehicle. If your employer makes the lease payments on the vehicle, your employer “holds” …
Download PDF Many decades ago the government introduced substantiation concessions for people travelling in their job and receiving a travel allowance. Basically, if the amount you claim is reasonable you do not need to keep receipts. Every year the ATO releases a detailed ruling of the amount that it considers reasonable depending on where …
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 …