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Tax deductions

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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

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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
Australia’s gambling and poker machine companies are big beneficiaries of R&D tax credits.

‘Problematic’ gambling company tax breaks on Chalmers’ radar

Treasurer Jim Chalmers has indicated the government will tighten its focus on gambling companies’ use of R&D tax credits, which can total tens of millions.

  • Millie Muroi
Index image for MPs and Senators property portfolios

Albanese isn’t alone. ‘Stunning’ properties are common for MPs

About two-thirds of federal parliamentarians own two or more properties, an analysis of declared interests shows.

  • Lisa Visentin, Rachel Clun and Olivia Ireland
Voters are open to changes to negative gearing but split on form what that change should take.

Voters warm to negative gearing changes – but like Coalition’s policy more

Australians are divided on the best ways to respond to the housing crisis amid a fierce political debate on tax breaks for investors.

  • David Crowe
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Rajkumar “Raj” Ramakrishnan and Shane Warne at a Cricket All-Stars game at Dodger Stadium, Los Angeles, in 2015.

All-Stars cricket promoter says Warnie’s death left him helpless as businesses went under

Professional poker player Raj Ramakrishnan once rubbed shoulders with cricket’s elite but now faces allegations he engaged in tax fraud and owes the ATO $14 million.

  • Sarah Danckert
In a few weeks, everybody will have a fatter pay packet because the tax rates are changing. Smart money managers will put the extra to good use.

This tax time, it pays to remember my ‘guaranteed’ secret for wealth

In a few weeks, everybody will have a fatter pay packet because the tax rates are changing. Smart money managers will put the extra to good use.

  • Noel Whittaker
If you’re someone who has historically been lax with record keeping, you can expect an audit from the Tax Office’s new AI-powered systems.

Think twice this tax time - the Tax Office has AI watching

If you’re someone who has historically been lax with record keeping, you can expect an audit from the Tax Office’s new AI-powered systems.

  • Victoria Devine
There is a choice between restructuring to reduce your tax versus that of your future beneficiaries.

The single move that will cut $540 from your tax bill

Finding extra money today may be a big stretch. But if you can redeploy any, the financial advantage could work out well worth it.

  • Nicole Pedersen-McKinnon

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