The Australian Taxation Office has released new guidance that may affect how holiday home owners claim tax deductions. The ruling, known as TR 2026/1, explains when individuals can claim rental property deductions. It is particularly relevant for holiday homes, short-term rentals and properties used for both private stays and guest bookings. The main message is clear.…
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The Federal Budget Context: A Global Oil Shock The 2026-27 Federal Budget lands against an extraordinary backdrop. The conflict in the Middle East has disrupted roughly one-fifth of the world’s seaborne oil and gas supply — the largest oil supply disruption on record. The economic consequences are real and immediate. Headline inflation reached 4.6 per…
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The Australian Taxation Office is targeting personal services income arrangements that divert earnings away from the individual who generated them. It has made its position unmistakably clear. PCG 2025/5 is now in force, and the ATO’s compliance focus is sharper than ever. Taxpayers who operate through personal services entities must act now — not wait for the…
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Many employees assume that travelling between two jobs automatically qualifies as a tax deduction. A recent 2026 decision from the Administrative Review Tribunal (ART) proves otherwise. The case of Hui v FCT [2026] ARTA 570 is a timely wake-up call for anyone claiming travel expenses at tax time. The Travel Claim That Mostly Failed Mr Hui worked…
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The ATO and AHPRA warn Australians about predatory dental schemes exploiting early super release. Learn the red flags and protect your retirement savings from dodgy offers. Australians hoping to fix their smiles might find themselves losing far more than a tooth if they fall victim to dodgy dental schemes now flooding the market. The Australian…
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Landmark ruling ends hopes for employees seeking rent deductions during COVID-19 If you’ve been working from home and wondering whether you can claim part of your rent on tax, a recent Full Federal Court decision has delivered a definitive answer: no, you cannot. In a unanimous decision handed down last week, Australia’s Full Federal Court…
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The difference between a 25% and 30% company tax rate can mean thousands of dollars to your business each year. Yet many Australian companies get their tax rate wrong, either overpaying tax or facing unexpected bills when the ATO catches up with them. The Australian Taxation Office has recently reminded businesses that your company’s tax…
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If you use your car for work purposes and want to claim vehicle expenses on your Australian tax return, keeping an ATO-compliant logbook is not optional—it is essential. Yet every year, thousands of Australians either miss out on legitimate deductions or face ATO scrutiny because their logbook records are incomplete, inaccurate, or simply missing. This…
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As Australia enters 2026, a wave of changes across tax, superannuation, childcare, healthcare and household finances is set to affect individuals, families, employees and business owners alike. Some of these reforms are incremental and easy to miss, while others represent significant shifts in how everyday costs and government support systems work. For many Australians, understanding…
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With the end of the 2024–2025 financial year fast approaching, it’s crucial for both business owners and individuals to be aware of and act on effective tax planning strategies. Tax planning goes beyond preparing and lodging your tax return—it’s about structuring your finances to grow your wealth while legally minimising tax. With 30 June 2025…
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