ATO

Travel expenses for investment properties (and CGT)

  An article in the latest The Taxpayer1 magazine discussed the relatively recent change to the rules regarding the ability of investment property owners to claim travel expenses related to their residential rental holdings. These claims are no longer allowed (see here for some ATO information). But the wording of the ATO guidance, which was

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Upcoming ATO open forums for practitioners: March to June 2019

  As part of its ongoing engagement with tax practitioners, the ATO has announced some upcoming ATO open forums for practitioners. It will again be holding these open forums in a range of locations across Australia between March and June 2019. Open forums are an opportunity for tax practitioners to have an open two-way dialogue

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Div 165: The GST regime’s Part IVA

  Division 165 of the GST Act contains anti-avoidance provisions in respect of GST that are similar to those available for income tax purposes. The Division 165 rules are designed to deter schemes that would produce benefits by reducing GST payable, increasing refunds, or altering the timing of payment of GST or refunds, and are

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The same business test to be replaced by a “similar business” test

  The bill Treasury Laws Amendment (2017 Enterprise Incentives No 1) Bill 2017 will be among the first batch of legislation that the government is to consider for 2019 (Parliament resumes on February 12). UPDATE: As of February 12, this legislation has now successfully passed Parliament. The bill (click here for a copy) contains changes

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