Category Archives: ATO
10 Ways To Survive A Tax Audit
Now’s about the time that you’ll be putting together your tax return for the 2011/12 financial year. But what do you do if ATO comes knocking to make sure that all of your property investment deductions are genuine? Don’t panic, … Continue reading
Update on Principal Place Exemption Tax
See below update regarding the reintroduction of the Principal Place of Residence concession. The rate will be 1% on the first $350,000 and then the normal amount of duty on top of the $350,000.00. Principal Place of Residence Exemption Reinstatement … Continue reading
SMSF changes could impact rental market
Changes to regulations surrounding self-managed super funds could ultimately impact on rental affordability, it has been claimed. The ATO has released a draft ruling opening up the use of SMSFs for renovations on existing properties. Previous ATO regulations restricted … Continue reading
