
THE SECRET LIFE OF TAX FILE NUMBERS
Tax file numbers (TFNs) are so much an everyday element when dealing with tax and the ATO that many taxpayers won’t give it a second

Tax file numbers (TFNs) are so much an everyday element when dealing with tax and the ATO that many taxpayers won’t give it a second

The capital gains tax (CGT) exemption for a person’s primary residence is often overlooked as a contributing factor to Australia’s housing affordability crisis. However, when

Property transactions involving development activities can sometimes blur the line between property development and “merely realising an asset.” The differentiation between the two is crucial,

In a financial landscape marked by inflation and rising interest rates, the prospect of securing a new loan, whether through refinancing or fresh borrowing, can

If you’re a high-income earner, you may soon be asked to pay an extra 15% tax on the amount of concessional contributions that exceed the

It is possible to receive amounts that are not expected by the ATO to be included as income in your tax return. However, some of

The personal services income (PSI) rules apply to income that is earned mainly from the personal efforts or skills of a person. It does not

In recent months, the Australian Taxation Office (ATO) has undergone a significant shift in its approach towards tax debt. With an increase in debt collection

Division 293 is a tax provision in Australia that imposes an additional tax on high-income earners’ superannuation contributions. When an individual’s adjusted taxable income exceeds

Determining tax residency can be a complex matter, particularly when an individual leaves Australia partway through the income year. This article aims to shed light
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