Tax Time Updates

The end of the tax year will soon be upon us with 30 June just around the corner. Here are the key changes to be aware of for your 2025 Australian tax return

Capital gains tax (CGT) can significantly impact your profits when you're selling your property in Australia. However, the capital gains tax 6-year rule offers an opportunity to reduce or even eliminate CGT if you've used your home as your principal place of residence (PPOR) and later rented it out.

In this guide, we'll explain how this rule works and how you can use it to maximise tax savings when selling your property.

Tax season is approaching, and the Australian Taxation Office (ATO) has already signaled the areas it will scrutinize closely this year.  Each year, the ATO announces key focus areas or ‘hit lists’ where it will concentrate its compliance efforts. These are typically areas where taxpayers have made mistakes or attempted to claim deductions they were not entitled to in previous years. 

Understanding the ATO’s tax time priorities for 2024-25 can help you prepare an accurate return and avoid unwanted attention. This article explains what’s on the ATO’s hit list for this year and shares practical tips to help you prepare your 2025 tax return.

Salary sacrifice is gaining traction in Australia. This growing interest reflects a shift in compensation trends, as more employees seek flexible benefits that go beyond base salary to enhance their overall financial wellbeing. In this blog, we explore this incentive and how it could be beneficial to you.
 

Are you going to work overseas? If so, you will be exposed to various tax consequences. The starting point to determine the tax impact is whether you remain resident of Australia for tax purposes, or whether you become a tax non-resident under Australian laws.

The end of the tax year will soon be upon us with 30 June just around the corner. Now’s a good time to take a look at both your expected taxable income for the current financial year and your projected taxable income for next financial year, as they will help guide your tax planning strategy.

ATO investors toolkit is a resource for anyone earning money from their investments, whether you invest in property, shares or crypto assets.

With tax time nearly upon us, you might be interested in the tax deduction tips, which may help increase the amount of money you get back.

The tax office increased compliance focus on cryptocurrencies. How to treat investments in crypto assets (also called crypto or cryptocurrency) for tax purposes in Australia.