ATO warns property investors about common tax traps
September 8, 2021
The most common mistake rental property and holiday homeowners make is neglecting to declare all their income, including failing to declare any capital gains from selling an investment property.Assistant Commissioner Tim Loh said: "To put it simply, you should expect tax consequences for any property that you earn income from that isn't your main residence."
The ‘gigs up’ with a new sharing economy reporting regime
August 12, 2021
A new third party regime will require ride-sharing
and short term accommodation online platform
operators to report transactions they facilitate
directly to the ATO.
There will be an additional NSW State Government support grant, available from late July, to assist businesses affected by the latest COVID-19 restrictions.