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Owning a Holiday Home: Tax and Deductions

1 December 2023

Whether you own a holiday home solely for personal use or rent it out to others, there are crucial tax considerations to keep in mind.

Guidance for Real Estate Employees

29 September 2023

As a real estate industry employee, it’s crucial to accurately report your income and allowable deductions on your tax return. Here’s a breakdown of what you should and shouldn’t include: Income Include all income received during the income year, encompassing: Note: Exclude reimbursements from your income. Your income statement or payment summary will detail your…
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Occupation-Specific Guidelines for Medical Professionals

20 September 2023

The occupation and industry guides serve as valuable aids when completing your tax return. Utilize these guides to: To qualify for deductions on work-related expenses, you need to adhere to the 3 fundamental rules: What to Include and Exclude It’s essential to report all income received as a doctor, specialist, or medical professional within the…
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Self-education expenses

7 August 2023

Self-education includes courses undertaken at an educational institution (whether leading to a formal qualification or not), attendance at work-related seminars or conferences, self-paced learning and study tours (overseas or within Australia). For self-education expenses incurred before 1 July 2022, you generally can’t claim the first $250 of expenses. TR98/9 details the ATO’s views on the…
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Tag: deduction

Owning a Holiday Home: Tax and Deductions

Guidance for Real Estate Employees

Occupation-Specific Guidelines for Medical Professionals

Self-education expenses