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Notes Online Home 2023 Tax Schools Day 1 What's new for individuals
Recent developments affecting self-education claims on the 2023 ‘I’ return

In this section of the seminar notes we examine Recent developments affecting self-education claims on the 2023 ‘I’ return, more specifically:

  • Government removes $250 threshold for self-education expenses from 1 July 2022
  • Deductibility of course fees funded through HECS-HELP or FEE-HELP
  • The recent Tribunal decision in YDXM v FCT

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