Tax clinic trial to reduce tax regulatory burden – The Federal Government has allocated $1 million to set
up 10 tax clinics at Australian universities under a trial program.
New “work test” exemption for recent retirees – From 1 July, a new 12-month exemption from the work
test for new retirees aged 65–74 with total super below $300,000 will give
many older Australians extra time to boost their super.
ATO issuing excess super contributions determinations – The ATO has begun issuing determinations for
individuals’excess
concessional contributions to super for the 2017–2018 financial year.
Reviewing the tax treatment of granny flats – Homeowners may have to pay CGT where there is a
formal agreement for a family member to reside in their home; the Board of
Taxation will review this treatment.
Resolving tax disputes: government to help small
businesses – The Federal Government
intends to make it easier, cheaper and quicker for small businesses to
resolve tax disputes with the ATO .
Small business tax offset: avoiding errors when
claiming – The ATO has issued tips for
avoiding common errors when reporting net small business income and
claiming the small business income tax offset for unincorporated small
businesses.
Home office running expenses and electronic deviceexpenses
– The ATO has released updated guidance on tax-deductible home office and
electronic device expenses.
Genuine redundancy payments – The Federal Government intends to align genuine
redundancy and early retirement scheme payments with the Age Pension
qualifying age.
GST on property developments involving government – The ATO is reviewing GST payments for arrangements
where property developers acquire land from government entities.
