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Tax deductions

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Five weeks until the end of the financial year means it’s action stations if you want to make any moves to minimise your tax.

Five last-minute hacks to help reduce your tax bill

Five weeks until the end of the financial year means it’s action stations if you want to make any moves to minimise your tax.

  • Nicole Pedersen-McKinnon

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Victorian Premier Jacinta Alland and Treasurer Jaclyn Symes.

Choke hold: The 33 taxes, levies and duties Victorians are paying that have us at tipping point

A previously unpublished paper shows the growing burden of Victoria’s tax system, including 18 separate but overlapping imposts on property ownership, investment and transactions.

  • Chip Le Grand, Kieran Rooney and Daniella White
Prime Minister Anthony Albanese and Treasurer Jim Chalmers.

Super tax changes the real test of Albanese’s election victory

It’s been on the government’s agenda for two years, but the planned overhaul of tax on super accounts worth more than $3 million will be Albanese’s first test.

  • Shane Wright
real money tax targets newsletter

The tax office is watching you: What the ATO will be targeting this year

While some of the tax office’s focus areas, such as work deductions, are obvious, some are less so.

  • Dominic Powell
The Tax Office says people making claims should be asking themselves whether their deductions pass the “pub test”.

Sprung! The wildest claims people have made on their tax returns

From air fryers to swimwear and $10,000 in luxury-branded clothing, here are some of the strange claims the Tax Office has to sort through.

  • Millie Muroi
Opposition Leader Peter Dutton in the first question time of the year.

Dutton expected to go on the attack. Instead, Chalmers had him for lunch

The House of Representatives has hosted debates about many hefty issues over the years. This wasn’t one of them.

  • Matthew Knott
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Shadow treasurer Angus Taylor and Treasurer Jim Chalmers in question time on Tuesday.

Free business lunch fight devolves into business battle

A Coalition plan to give businesses a free lunch has turned into a battle over the cost to the budget and whether small businesses are growing in number.

  • Shane Wright and Millie Muroi
There has been a surge in the number of people using trusts to help manage their tax affairs.

Never mind negative gearing. Australians pushed $67b through this tax vehicle

The record amount has flowed through a growing number of trusts to help Australians, mostly high-income earners, reduce their tax bills.

  • Shane Wright
People will be able to claim a tax deduction by rounding-up their morning coffee under changes to donation law.

Rounding up for charity at the register? Soon you’ll be able to claim it on tax

The $2 minimum for tax-deductible charity donations has been in place since 1927. Now the government plans to remove it.

  • Shane Wright
A crackdown on the tax arrangements of oil and gas companies has delivered the federal budget a $4.3 billion windfall.

Crackdown on oil and gas giants delivers nation billions in extra tax

A long-term effort by the ATO to get more tax out of the oil and gas sectors has paid dividends that are likely to deliver billions of dollars in extra revenue.

  • Shane Wright

Original URL: https://www.brisbanetimes.com.au/topic/tax-deductions-hoi