Taxation +

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 …

Hey guys only second time filing my tax return any help would be appreciated for capital gains and losses with crytpo ive seen many people use KOINLY when there is a button to generate report for …

Hoping this is an easy one to clear up. When you buy a an ETF unit for $100 then sell it for $150 then I expect to pay $50 as capital gains tax. However, when I received my annual statement it has …

Would it be better to buy a new laptop every 2 years or better to keep laptop for 6 years. With new laptop used 100% for business my understanding is that it can be claimed as a deduction over 2 …

I have never done my own tax, this year its pretty simple though. Do benefits like LMITO ( are there any others for low income earners ? ) automatically get applied? If these apply automatically I …

Hey all, I have a question about the tax free threshold. I have a full time job that pays $115,000. I am picking up some casual work that will pay me a few thousand dollars over the next sixth …

Hey Brains Trust, quick question - doing taxes We have a construction loan on land and build in NSW - IO until build complete (intended as investment purposes) The loan started in January 2021, due …

Quick question: bought a laptop for $480 in sept 2020- super cheap and well not great….and now don't use it (just chucked it out- not sold) in may 2021. I used 100% for work to make it …

Hi, Could someone with a Tax background advise me on the following situation? Adam is working from Canada for an Australian company as a contractor. Adam is an Australian PR and has a bank …

Im an Australian citizen, but was working in New Zealand for 3 months of this financial year ( 2019 Dec-2020 Feb). I had PAYE/tax taken from my payslips in New Zealand, will I get double taxed when I …