Debbie Grace 18/3/25 Debbie Grace 18/3/25

New Ban on Foreign Purchases of Established Dwellings in Australia

From 1 April 2025, a new temporary ban will prevent foreign individuals and companies from purchasing established homes in Australia. This move is aimed at improving housing affordability and ensuring more homes are available for domestic buyers.

Debbie Grace 19/11/24 Debbie Grace 19/11/24

ATO's Notices of Data-Matching Programs

The ATO will acquire officeholder data from ASIC and other bodies for the 2024 to 2027 income years, including name, address, date of birth, ABN, contact details, organisation details and officeholder details.

Debbie Grace 24/9/24 Debbie Grace 24/9/24

Salary Package Rental Property Expenses to Avoid GST

A smart salary packaging strategy for employees who own residential rental properties involves optimizing their expenses by selectively packaging certain costs related to the property.

Debbie Grace 13/8/24 Debbie Grace 13/8/24

ATO's Tips for Correctly Claiming Deductions for Rental Properties

Taxpayers who have work done on their rental property should consider the following factors in determining claims for expenses.

Debbie Grace 16/9/21 Debbie Grace 16/9/21

ATO warns property investors about common tax traps.

In 2019/20, over 1.8 million Australians owned rental properties and claimed $38 billion in deductions, so the ATO is reminding property investors to beware of common tax traps that can delay refunds or lead to an audit costing taxpayers time and money.