The states and territories are preparing a tax of about 3 cents per kilometer for driving an EV. The tax is to fund the road maintenance. The average distance driven per year in Australia is about …
Hi All Had a question about overdue payments and interest charged by ato given they are not taxable from July 1 2025: GIC and SIC incurred before 1 July 2025 can be claimed as a deduction in your …
I was thinking about this today….they should get rid of people paying taxes in Australia like income tax,capital gains,luxury car tax….all taxes and replace it with a simple system of …
Hi all, a couple years ago we purchased our first investment property. Firstly, I know ignorance is not a defence. We relied heavily on broker, buyers agent and RE for advice but after contacting an …
I recieved a message form the ATO today saying: "Check your study loan balance on ATO Online. We have reduced any 2023 and 2024 indexation. For more information search XXXXXXXXX on the ATO …
Received an email about H&R Block's Income Tax Course. They currently have an early bird offer of 10% using the code "EARLY25" which takes $30 off the RRP of $299. The course …
Good morning all, I received shares from my company in last financial year, and when lodging my tax return, they are appearing as income, even though I haven't sold them yet. This is causing …
Hi, I have some saving in my account. And i am paying more tax in the last 2 years due to my salary plus interest earnt My friend suggested i buy an investment property and borrow as much as i can …
I'm new to Australia and this is my first financial year. And I read and understand a bit about claiming tax return here. But have some questions about claiming tax return for WFH purpose …
Hi all. My tax return has just gone through, and my deductions this year were significant. I noticed tonight when updating my estimated family income with Centrelink that it uses "Adjusted …
With 96% of all OzB’ers earning over 190k, I was wondering if any of our esteemed money-baggers actively worked to reduce their tax bill, and if so, what? Novated leasing an EV seems like a pretty …
Hey guys, I may be living under the rocks, so not sure what these tax cuts are. I make $116,100 annually in IT. My take home pay last pay period was $3281 but it has increased to $3381. I joined …
Hi all, Has anyone been successful claiming a custom built PC on tax before? I do IT and WFH occassionally. However, let's just say that the specs of my PC "are required" to do my job …
Hi, am a sole trader working in tech. I purchased Apple gift cards and placed an order for a custom-build laptop through the Apple online store. The laptop has not yet been shipped, hence I do not …
Hi, I just wonder if you know the new stage-3 tax cut come into effect this FY tax return? They say it is 01/07/2024 but I don’t know if it applies from that day forward or any tax return done …
Hi all Airbnb q If im renting out part of my home say 35% and would it be judged as a PPOR or investment in Vic for land tax purposes? If it is only rented out say 30% (not a popular area)- would it …
This is my first time working and paying taxes. I am a paraprofessional teacher (university student). I work 30.8 hours a fortnight week and earn $31.50 per hour. I was reading this link from the …
Want to sound out fellow ozbargainers on this. My accountant suggested that I can’t claim any work mileage driven on tax. He says you can only claim miles if you drive to work and then drive to …
Just curious if people know any software for personal taxes that is not Xero? I recently did koinly and it is great on crypto side an And generates the number to put into returns. Would be amazing …
Just wondering how this all works and how its calculated. Lets say I triggered a $500k CGT event for the financial year (eligible for 50% discount) and in order to try and minimize tax, I choose to …
