ATO targeting rental properties

Be warned that this year the Tax Office has identified that it is on the lookout for inappropriate or excessive claims for rental properties. The four key problem areas identified are; Excessive deductions being claimed for holiday homes. Deductions are only available for the periods the property is rented out or available for rent during […] Read More

Selling your assets

Selling business assets will generally require considering Capital Gains Tax implications. However even when selling personal non-business assets there may be a need to consider Capital Gains Tax. A capital gains is generally the sales price of the items less the cost of the item. The resulting gain may then be decreased by application of […] Read More