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Income tax

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The ATO is cracking down on landlords who don’t declare, or incorrectly declare, rental income.

The ATO’s new move to claw back more than $1b from dodgy landlords

Landlords who have made mistakes on tax returns could face thousands of dollars in fines and interest on top of repaying unpaid tax.

  • Jim Malo

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Super.

This super strategy can help you avoid the ‘death tax’

If you’re not careful, the money you still have in super could be significantly taxed once you die.

  • Nicole Pedersen-McKinnon
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
2024 Archibald Prize winner Laura Jones with her portrait of writer Tim Winton.

NSW wants all ‘reasonable ideas’ on ditching taxes for artists

Win the $100,000 Archibald prize and you’ll pay a sizeable chunk in tax. But bet on the winner and you’ll keep the lot. The NSW arts minister hopes to change that.

  • Linda Morris
Nvidia CEO Jensen Huang at the Dreamforce conference in San Francisco.

How one of the world’s richest men could pull off a mega-tax dodge

The 10th-richest person in the US is worth $127 billion and is on track to pass on much of his fortune tax-free.

  • Jesse Drucker
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
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Australia’s economy is barely growing and shrunk in per capita terms for the seventh straight quarter.

‘Sad economy without hope’: Deepest hit to living standards on record

Treasurer faces questions about his ability to manage economy as public spending props up national accounts.

  • Shane Wright and Millie Muroi
UniSuper CEO Peter Chun says super funds need to personalise data for retirees like Netflix does.

How do I give $200,000 to my grandkids while saving tax and keeping my pension?

When it comes to gifting money to your grandkids, you need to think carefully about tax implications – for both you and them.

  • Noel Whittaker

Why tax reform is the national debate we can no longer afford to avoid

The major political parties have deserted the debate stage when it comes to tax reform. But Allegra Spender is going where no non-government MP has gone before.

  • Shane Wright
Opposition leader Peter Dutton has tied any tax policy to the state of the federal budget which is forecast to be in deficit for the next four years.

No tax relief for you: Deficits, cost put cuts in too-hard basket

Neither major party will try to win over voters at the federal election with an offer of substantial tax relief.

  • Shane Wright

Original URL: https://www.smh.com.au/topic/income-tax-5yk