Tax

After ruling bitcoin as an intangible asset just over a year ago, the Australian Senate Economics References Committee has now come out in support of the position that crypto-currencies should be treated as a regular currency for goods and services tax (GST) purposes. (See the full Senate report here.) Bitcoin: Next step taken in long

• 12 August, 2015

This tax time the Tax Office is specially targeting excessive or inappropriate deductions made by rental property owners. The Tax Office on its Building Confidence webpage has listed four problem areas where landlords may be incorrectly or inadvertently claiming property deductions that don’t suit their circumstances. They’ve also included case studies so that landlords can

• 5 August, 2015

The recently issued government paper Re:think suggested a review of the goods and services tax (GST) system, including increasing the rate applied beyond the current 10% as well as the range of items it applies to. While we all know that GST is levied at 10%, and that fresh food, health and educational products and

• 2 August, 2015

Australian governments across the political hues see no need to touch negative gearing.  It is a mechanism that exists within the fundamentals of Australia’s tax system anyway — a deductibility of interest on borrowings made to undertake an investment.  It is nothing more than a specific case of the general principle that the expenses incurred

• 2 August, 2015

If Kermit had an investment portfolio today he’d probably be singing a different tune, because nowadays it’s becoming a lot easier being green — and potentially a lot more lucrative. The decision to steer clear of fossil fuel investments, for example, is a choice that can increasingly be made by investors based more on hard-nosed

• 15 July, 2015