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  1. Repairs and maintenance: Why “fixing what broke” might not be deductible

    Storm repairs and defect remediation can look like-for-like, but timing and condition tests may still push costs into capital, not deductions...

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  2. Australian holiday homes tax changes

    The ATO has published draft guidance revealing a changed approach to the taxation of holiday homes...

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  3. Understanding bright-line rollover relief: What transferees inherit in family transfers

    Inland Revenue’s QB 25/15 explains how rollover relief under the bright-line rules applies when residential land is transferred between associated persons...

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  4. Final guidance clarifies bright-line test application to subdivisions and lifestyle blocks

    This article focuses on two items—PUB00488d, which deals with subdivided land, and PUB00488e, which covers lifestyle blocks...

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  5. Updated land sales guidance: Key draft clarifications and amendments

    Inland Revenue has released six draft amended Questions We’ve Been Asked (QWBAs) concerning land sales and the bright-line test...

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  6. Draft PUB00489: Bright-line rollover relief more widely available than previously thought

    Inland Revenue’s draft PUB00489 clarifies that rollover relief is not optional, transferring the transferor’s acquisition date, cost base, and property-use history to the transferee...

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  7. States and Territories given priority to impose taxes over tax treaties

    The AU government introduces Treasury Laws Amendment (Foreign Investment) Bill 2024...

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