Treasury has released draft legislation to enact the Government’s plan to increase the tax rate on earnings on superannuation balances above $3m from 15% to 30% from 1 July 2025. – 30% tax on super earnings above $3m.
The Australian Taxation Office have released a new draft ruling on self-education expenses. We revisit the deductibility of self-education expenses and what you can and can’t claim. – Self-education: What can you claim?
This article focuses on a recent statement by the Victorian Government regarding Australia’s first short-stay property tax that targets property investors with short-term rentals. – Short-term rentals and the ‘Airbnb’ tax.
This article outlines the tax implications that small-scale developers can face during subdivision of land. – The tax implications of small-scale subdivisions.
This article outlines why the tax refund Australians will expect this tax time has dramatically reduced. – Why is my tax refund so small?
The Digital Games Tax Offset is equal to 30% of the company’s total qualifying Australian development expenditure incurred from 1 July 2022. This article outlines who and what expenditure is eligible. – Digital games tax: Backing a winner.