News
SEARCH CATEGORY
ATO Update: Three things to note
PAYG instalments: Take care when varying payments The ATO has reminded taxpayers to take care when varying PAYG instalments, particularly where the amount is being reduced. PAYG instalments require taxpayers to make regular payments on their business and investment...
Budget Breakdown Edition 6: Three final changes
Instant Asset Write-Off Q. What has been announced? From 1 July 2026, eligible small businesses with aggregated turnover of less than $10 million can permanently access the $20,000 instant asset write-off for eligible assets costing less than $20,000. Rather than...
Budget Breakdown Edition 5: Discretionary Trusts
From 1 July 2028, the Government is introducing a 30% minimum tax on discretionary trust income. Under the changes, the trustee will be responsible for paying the minimum tax. Beneficiaries will continue to declare their trust income in their tax returns, with...
Budget Breakdown Edition 4: Principal Place of Residence
Recent changes to negative gearing and capital gains tax have raised questions about how the family home will be treated under the new rules. While the principal place of residence exemption remains unchanged, there are some important considerations if you later...
Budget Breakdown Edition 3: SMSF Property Borrowing Arrangements
The rules around borrowing to purchase residential property through a self-managed super fund (SMSF) changed on 10 August 2026. From this date, SMSFs can generally no longer enter into new Limited Recourse Borrowing Arrangements (LRBAs) to purchase residential...
Budget Breakdown Edition 2: Capital Gains Tax
Changes to capital gains tax (CGT) are set to take effect from 1 July 2027, changing the way some future capital gains are calculated and taxed. For property investors, shareholders and business owners, CGT can have a significant impact when an asset is eventually...
SUBSCRIBE
Subscribe to our newsletter The Balance and join thousands of other subscribers who receive the latest in taxation, property investing, business and finance news: