Miranda Brownlee

The tax ruling and practical compliance guidelines outline the ATO's views on when expenses can be claimed for rental properties that double as holiday homes.

The Tax Institute is calling for urgent reforms to the family trust election rules after a family business was hit with a combined FTDT and GIC liability of over $67 million.

The practical operation of Australia's thin capitalisation reforms has proven to be “materially more complex and disruptive“ than policy intended, CPA Australia says.

Australia’s proposed discretionary trust tax reforms could put a significant financial burden on small and family-run businesses, an advisory firm has warned.

Legislation to implement changes to CGT, negative gearing, tax cuts, and the $1,000 standard deduction will be introduced into parliament in a single major bill on Thursday.

The Tax Institute has raised concerns that PCG 2026/D2 does not adequately distinguish between ordinary commercial property development arrangements and those that are contrived for tax purposes.

The April jobs data indicated an "imminent slowing in economic momentum", which is likely to give the Reserve Bank cause to pause, according to economists at Westpac and AMP.

The bill to implement the capital gains tax and negative gearing changes will be examined by a Senate inquiry after being introduced into Parliament yesterday.

Amounts reported to the ATO through the taxable payments annual report will now be pre-filled in the tax returns of contractors providing certain services.

The proposed minimum tax for trusts will impose harsh tax penalties on beneficiaries of testamentary discretionary trusts, including children, widows, widowers and those with disabilities, an estate planning lawyer has warned.