All in Personal Investment
Australia’s Federal Election set for 18 May 2019 should change direction of Australia’s ‘Decade of Deficits’.
In our previous post we talked about taxpayers under claiming their legitimate work related deductions.
Tax Services Australia provides specialised, expert support to Australian expats living and working abroad. We even have a dedicated website for Aussies abroad.
This time every year the ATO conducts a media campaign about taxpayers who make inappropriate tax deductions and the favourite topic this year is again work related expenses.
Being organised and accessing professional support and guidance is the key to avoiding problems with the ATO.
Personal investment and superannuation changes:
Investors who acquire real estate after 9 May 2017 which includes assets / fittings, etc within the property, which could previously be valued and captured for depreciation purposes will no longer be able to claim these tax deductions;