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Welcome to Notes Online. 

We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.

Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.

Document Type

Publication

Pages

186

Published

August 14, 2023

Notes Online Home 2023 Tax Schools Day 1

This publication, as a whole, is available in HARDCOPY only.

These seminar notes cover the following topics:

  • What’s new for Individuals
  • The ATO’s spotlight on rental properties on these tough times
  • ATO’s 2023 Danger Areas for individuals

Chapters and Articles in 2023 Tax Schools Day 1

ATO's 2023 danger areas for individuals

Common audit traps with car expense claims under the log book method

Audit traps with making claims for vehicles that are not cars – ‘work horse’ vehicles

ATO audit focus on cryptocurrency losses

ATO’s attack on asset disposals that generate losses – ‘wash sales’

The ATO’s spotlight on rental properties in these tough times

Dealing with the purchase of a rental property – the purchase price and related costs

Common tax issues affecting rental property loans in the current economic climate

Making the right distinction between a repair and an improvement to a rental property

Rental arrangements involving related parties – the Tribunal decision in Rizkallah’s case

Excessive claims for holiday homes (and similar properties) in the ATO’s firing line

What's new for individuals

NEW 15% additional tax for individuals with super balances above $3 million

ATO releases NEW guidelines for claiming working from home running expenses

NEW ATO ruling on how to determine the residency status of individuals

Claiming deductions for charging electric vehicles – the ATO home charging rate

Tax-effective planning for salary packaged electric cars under NEW rules

Recent developments affecting self-education claims on the 2023 ‘I’ return

NEW ATO guidelines provide greater CGT relief for inherited dwellings

ATO allows more flexibility for businesses affected by flood, fire and COVID-19

Tribunal clarifies when fitness expenses incurred by individuals are deductible

Tribunal clarifies legal expense claims in defending actions from employment

Downsizer contribution measure extended from 1 January 2023

NEW ATO ‘backflip’ on payments made for the use of a person’s fame

NEW client proof of identity and privacy obligations for tax practitioners