CGT – Foreign residents and main residence exemption
30 May 2018
There are special capital gains tax (CGT) rules you need to know if you’re a foreign resident. These rules will impact you when you sell residential property in Australia. What are the changes? In the 2017-18 Budget, the government announced that foreign residents will no longer be entitled to claim the main residence exemption when […]
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Superannuation: Downsizer contributions
21 Mar 2018
Overview From 1 July 2018, the Australian Government will introduce the Contributing the proceeds of downsizing into superannuation (downsizing) measure. Downsizer contributions are part of the governments package of reforms to reduce pressure on housing affordability in Australia. This measure applies to the sale of your dwelling (your home), which was your main residence. It applies to […]
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Single Touch Payroll
02 Mar 2018
Overview Single Touch Payroll is a reporting change for employers. It means employers will report payments such as salaries and wages, pay as you go (PAYG) withholding and super information to the ATO. This information will be reported directly from employers payroll solution at the same time they pay their employees. Employers may need to […]
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ATO – What attracts our audit attention
11 Feb 2018
To help you taxpayers get things right, you should consider the behaviours, characteristics and tax issues that may attract the audit attention of the ATO. The Australian Taxation Office have published this information below as part of their commitment to transparency in working with privately owned and wealthy groups. Broadly, the following behaviours and characteristics may attract the ATO’s attention: tax […]
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