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Notes Online Home 2019 Tax Schools Day 1 What’s new for individuals
In this chapter of the notes we discuss what’s new for individuals. The following topics are covered:
• New ATO Deductions schedule for claims at Items D1 to D15 of the 2019 ‘I’ return
• New reporting traps for superannuation pensions under the recent reforms
• Renewed ATO focus on Small Business Income Tax Offset (‘SBITO’) claim errors
• New tax relief introduced in 2019 for low and middle income earners
• Tribunal denies most of an employee’s overtime meal allowance expense claim
• Tribunal signals the dangers with travel allowance expense claims for truck drivers
• Latest guide to the travel and depreciation restrictions for rental properties
• Increases in the Private Health Insurance excess levels from 1 July 2018
• New ATO guidelines target compensation received from financial institutions
• Court rejects ATO approach to ‘permanent place of abode’ test for residency status
• New ‘work test’ exemption for individuals making super contributions
• Maximising access to the new ‘downsizer contribution’ under new ATO guidelines
• New ATO guidelines for applying the main residence exemption to inherited dwellings
• Deductions for holding vacant land set to be removed from 1 July 2019