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Future Tax Return Articles

Top 5 Tax Videos | 2023 Gotax

 

What is a tax deduction?

 

Why Tax Deductions aren't always the best thing to have?

 

Top 5 Tax Mistakes

 

 

draft Includions

Transport costs tax return

 

Use Gotax's Deduction Grabber App to track those expenses and never lose a Tax Deduction again.

Start your Tax Return NOW!!  Gotax.com.au

Ref: ATO 

For more related Articles:

Rentals to do

Second-Hand Depreciating Assets and Rental Properties

Second-hand depreciating assets are items that can lose value over time and are used in a rental property.

These can include things like flooring, air conditioners, and washing machines. Since 1 July 2017, you can’t claim the decline in value of these assets on their taxes unless the property is used for a business, they are an excluded entity, or the property was rented out before this date. There are some exceptions to this rule. You can find more information about this in the 2023 Rental properties guide.

https://www.ato.gov.au/forms/Rental-properties-2023/?page=4#Limitondeductionsfordeclineinvalueofseco

Rental Properties Guide

https://www.ato.gov.au/forms/Rental-properties-2023/

 

 

 

 

Residency

https://www.ato.gov.au/Tax-professionals/Newsroom/Income-tax/New-one-stop-shop-ruling-on-residency/

 

Capital

 

https://www.ato.gov.au/Tax-professionals/Prepare-and-lodge/Tax-Time/Tax-time-toolkits/Tax-time-toolkit-for-investors/?=redirected_sharesfactsheet&anchor=Capitalgainstaxonthesalesofsharesorunits&#Capitalgainstaxonthesalesofsharesorunits

 

Capital gains tax on the sales of shares and units


With 75% of investors holding shares and other on-exchange investments, our fact sheet can help guide conversations with clients who are thinking about selling.