Rental income from overseas property
04 Dec 2015
You must include rental income from overseas properties in your Australian tax return. This income is the full amount of rent and associated payments you receive or become entitled to when you rent out your property. It doesn’t matter whether it’s paid to you or your agent. If you receive associated payments in the form […]
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Deductions – Cost of managing tax affairs
03 Dec 2015
You can claim a deduction for expenses you incur in managing your own tax affairs, including: preparing and lodging your tax return and activity statements travel, to the extent that it is associated with obtaining tax advice – for example, the travel costs of attending a meeting with a recognised tax adviser appealing to the […]
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Cash rate unchanged at 2.0 per cent
02 Dec 2015
Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some softening in conditions in the Asian region, continuing US growth and a recovery in Europe. Key commodity prices are […]
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Higher Education Loan Programme – recovery of repayments from overseas debtors
01 Dec 2015
In the 2015–16 Budget, the Government announced that Australians who have a Higher Education Loan Programme (HELP) debt and are residing overseas will be required to make repayments against their debt. Collection and recovery of these repayments will be based on the current regime existing for those living in Australia. That is, an income-contingent based […]
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