Claiming deductions on holiday homes
The ATO has published a range of starter questions they will be asking to scrutinise claims on holiday homes.
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Collins Hume
- Mar 6
Updated working from home methods
The ATO has ‘refreshed’ the way deductions for the costs incurred when working from home are claimed.
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Collins Hume
- Jul 4, 2022
Capital gains from crypto, property or other assets
If you dispose of an asset eg property, shares, crypto or NFTs, or collectables you'll need to show a capital gain/loss in your tax return.
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Collins Hume
- Jul 1, 2022
Rental property income and deductions
For landlords, the focus is on ensuring that all income received is recognised in your tax return.
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Collins Hume
- Jun 27, 2022
Claiming work-related expenses
When claiming WRE there must be a nexus between the expenses you are claiming and how you earn your income. We explain.
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Collins Hume
- Jun 24, 2022
Tax Time Targets — Recordkeeping
With tax season upon us the ATO has revealed its four areas of focus this tax season. We start with recordkeeping requirements.
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Collins Hume
- Jun 20, 2022
Accountant Spotlight: Joel Lacey
As another numbers whiz, Intermediate Accountant Joel is on his way to helping business owners understand their financials.
32 views
Collins Hume
- May 23, 2022
Can I claim a tax deduction for my gym membership?
Can you claim a deduction for your gym membership? The administrative appeals tribunal clarifies.
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Collins Hume
- Mar 28, 2022
Immediate Deductions Extended
This measure enables an asset’s cost to be fully deductible upfront rather than being claimed over the asset’s life, regardless of the cost.
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Collins Hume
- Dec 16, 2021
If Santa was an Australian tax resident
A lighter look at the complexity of Australian taxation laws and the year that has been.
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