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135
Notes Online Home 2021 Tax Schools Day 1 What’s new for Individuals
This chapter will address what’s new for individuals.The following topics are covered:
- An NTAA guide to recent developments affecting the 2021 Individual (‘I’) return
- Increased Small Business Income Tax Offset (‘SBITO’) applies for 2021
- Major developments for individuals using their home for work or business
- NEW ATO rulings for travel expense claims
- Latest tax issues for landlords who are affected by COVID-19
- Latest NTAA guide on when a client is carrying on a rental property business
- Individual director denied deduction for settlement payment for insolvent trading
- New residency developments for outbound and inbound individuals
- Tribunal scrutinises an employee’s claim for a ‘work horse’ vehicle – Bell’s case
- Tribunal scrutinises an employee’s claims for work expenses – Lambourne’s case
- Changes to the contribution rules apply from 1 July 2020