Just a quick update for you all, the tax office have sent us some information about their processing times for getting your refunds (and tax bills!) and things are looking mostly ok this year.
Tax office update
August 27th, 2010First home saver accounts
August 25th, 2010
While most of our readers already own at least one property, we’re also mindful that some of you are yet to buy your own home.
Stamp duty exemptions
August 23rd, 2010
There aren’t many cases when buying property, where you can avoid giving the state revenue office a good pound or two of flesh. One particularly useful exemption though might come up when you buy that property from your partner.
Tax Office ignores Case Law?
August 20th, 2010
Long-time members of our facebook page might remember us reporting a case last year, where a former student took the fight up to the tax office – and won!
Cash income
August 18th, 2010
As they do every year, the tax office have again made a point of telling us that they’re watching people in the cash economy. We received a letter from them recently, which has also been published on the tax office website.
Are you selling things online?
July 30th, 2010It seems to be a common misconception that selling things on ebay and other such fun places doesn’t really count as anything much and therefore, no tax needs to be paid.
Oh, if only…
Tax Office Update
July 28th, 2010
After every financial year the ATO update their software, mainly to take account of any changes to the tax laws for the previous year. After the new software has been installed it has to be tested and verified and during this time only a small amount of returns are processed. You might remember when they did a complete overhaul earlier this year. Gosh, what a mess. Things seem to be going a little smoother now though.
Tax Office Spam & Scams
July 26th, 2010I wrote an article about this time last year (yep, we’ve been doing this blog thing for over a year now!!) about an email doing the rounds, seemingly from the tax office, asking for bank account details. If you missed it at the time, you can get a quick recap now.
CGT Exemption: PPOR -> IP, part 2
July 23rd, 2010With all this talk of converting between PPORs and IPs, I figured I’d take it a step further and look at some other, more complex situations. It could possibly make the CGT event a little messy, but it’s best to know the right way of handling things.
Free tickets!
July 20th, 2010Hiya Guys,
One of our most favourite depreciation people, BMT Quantity Surveyors, are generously offering free tickets to the upcoming Home Buyer & Property Investor Show for our clients and readers. Nice!