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Feb 8, 2026

Main residence exemption for inherited properties – the “right to occupy” rules

Have you inherited a property from a deceased estate and wondered whether you'll be eligible for the main residence capital gains tax (CGT) exemption when you eventually sell it? A new draft tax ...

Jan 5, 2026

Beware of barter credit donation tax schemes

The ATO has just issued a strong warning that could save you from a costly tax mistake. In a new taxpayer alert, the ATO says it’s concerned that some promoters are pushing improper schemes where

Dec 12, 2025

ATO’s new draft rules could change your holiday home tax claims

Do you own a holiday home that you sometimes rent out? The ATO has just released draft guidance that could change how you claim your holiday home rental income and expenses. What's

Nov 6, 2025 What’s the difference between the Medicare levy and the Medicare levy surcharge?

Many people getting their tax notice of assessment wonder why they see amounts for the Medicare levy and Medicare levy surcharge. Let’s break these down to help you understand who pays them and

Oct 11, 2025

Family Tax Benefit and your tax return: some common misunderstandings

What is the Family Tax Benefit? Family Tax Benefit (FTB) is a government payment to help with the cost of raising children. Despite the name, it is not a tax deduction, tax offset or tax refund. It

Sep 12, 2025

Understanding the new 20% student loan reduction

The Australian government's promise to cut student loan debts by 20% has now become law. If you're one of more than three million Australians who have a student loan, you're probably wondering what

Aug 12, 2025

What’s new to look out for when completing your return?

Sometimes when you start working on your tax return it’s natural to assume that the rates for expenses you can claim will be the same as last year. Unless you’re working in tax every day, it’s

Jul 4, 2025

Get it right this tax time: don’t lodge your return too early

Why lodging too early can cause problems With rising living costs and busy schedules, it can feel tempting to lodge your tax return as soon as 1 July arrives. You may be hoping for a quick refund or

Jun 7, 2025 When someone dies: the tax to-do list

The cliché is there’s nothing surer than death and taxes, but here’s another. When death comes, tax affairs surely follow. The first steps So if someone close to you dies and you

May 6, 2025

Understanding personal services income (PSI)

Are you thinking of becoming an independent contractor, consultant or a freelancer? If you’re embarking on a new career path, take some time to work through the personal services income (PSI)

Apr 7, 2025 Beyond the booking: tax implications for short-term rentals of your home

Tax Implications of Renting Out Your Home Through Airbnb and Similar Platforms In today’s sharing economy, platforms like Airbnb have made it easier than ever to earn extra income by renting out

Mar 27, 2025

Federal Budget 2025 Personal Measures

Personal tax rates cut from 1 July 2026 and 2027 he Government has proposed to cut the personal income tax rate for the income threshold ($18,200 - $45,000) from 16% to 15% (from 1 July 2026) and

Mar 14, 2025 Upskilling? You may be able to claim your self-education expenses

If you’ve thought about upskilling or undertaking professional development this year, you may be able to claim some of your self-education expenses in your 2024–2025 income tax

Feb 11, 2025

Claiming deductions for vacant land

Tax deductions on vacant land. What could be complicated about that? But as with all things tax, it’s not straightforward. Your bit of dirt needs to meet a number of stringent conditions to qualify

Jan 7, 2025 Understanding the Medicare levy and Medicare levy surcharge

Navigating the Australian tax system can be challenging, especially when it comes to understanding the Medicare levy and the Medicare levy surcharge. Let’s break these down to help you

Dec 6, 2024

Proposed Changes To HELP Loans Could Mean Lower Repayments In 2025

If you're one of the millions of Australians with a Higher Education Loan Program (HELP) debt, you might be wondering how the government's proposed changes to HELP loans could affect you. These

Nov 4, 2024

Can you claim a tax offset?

Understanding Tax Offsets in Australia A tax offset reduces the amount of tax you pay on your taxable income. Most tax offsets are non-refundable, which means they cannot reduce your tax liability

Oct 9, 2024

Do You Rent Out Your Holiday Home?

Tax Considerations for Holiday Homes That Are Rented Out If you own a holiday home, you may choose to rent it out during periods when you are not using it yourself. While this can provide additional

Sep 12, 2024 Unlocking value: Subdividing Your Family Home’s Land

Many retirees find themselves cash-poor but asset-rich. For those living on larger properties, subdividing and selling unused land can be a potential retirement strategy to generate funds for

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