Tax and the family home
We take a look at the main residence exemption that excludes your home from CGT and the triggers that reduce or exclude that exemption.
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Collins Hume
- Jul 11
What to expect from the new Government
We look at what we know so far about the policies of the new Government in a challenging environment and no easy fixes.
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Collins Hume
- Jul 4
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
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
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
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
Accountant Spotlight: Joel Lacey
As another numbers whiz, Intermediate Accountant Joel is on his way to helping business owners understand their financials.
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Collins Hume
- Jun 6
What’s changing on 1 July 2022?
We look at the ample number of changes coming into force from 1 July 2022.
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Collins Hume
- May 23
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 14
Trusts and Trust Distributions
The ATO released guidance that targets how trusts distribute income. Many family groups will pay higher tax as a result of this new approach
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Collins Hume
- Mar 4
Additional flood assistance — watch for updates
Watch this post for updates and additions as our team locates and verifies further sources of disaster recovery information.
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Collins Hume
- Mar 1
Commonwealth assistance for NSW, QLD flood victims
Residents in 26 flood-affected LGAs across NSW and Queensland can apply for financial support via Services Australia from 1 March.
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Collins Hume
- Feb 28
Disaster Recovery Payment
Financial help for people directly affected by a natural disaster event, such as flooding, in disaster declared areas.
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Collins Hume
- Jan 17
‘Backpacker Tax’ and the High Court
The High Court has ruled that the ‘backpacker tax’ is discriminatory. We look at the impact.
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Collins Hume
- Nov 22, 2021
Spotlight on overseas gifts and loans
The ATO is particularly concerned about schemes and arrangements designed specifically to circumvent Australian tax laws.
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Collins Hume
- Nov 10, 2021
Tax and the Normalisation of Cryptocurrency
The Australian Taxation Office recently updated its guidance on tax and cryptocurrency.
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