Own an investment property or an expensive lifestyle asset? The ATO are ensuring what has been declared in tax returns matches up.

Legislation increasing the instant asset write-off threshold for the 2024 income year passed Parliament last month.

The end of the financial year is approaching! We outline the areas at risk and the opportunities to maximise your deductions.

Two cases demonstrate how serious the ATO is about making sure professional services firms are appropriately taxed.

The Tribunal found in favour of a taxpayer who sold the apartment she lived in for a loss, then claimed the loss as a deduction.

The ATO claims a big part of the problem is how taxpayers are claiming interest on their investment property loans.