Tax deductions
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.
- by Shane Wright
Latest
‘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.
- by Millie Muroi
Exclusive
Property investment
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.
- by Lisa Visentin, Rachel Clun and Olivia Ireland
Exclusive
Political leadership
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.
- by David Crowe
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.
- by Sarah Danckert
Opinion
Budgeting
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.
- by Noel Whittaker
Opinion
Income tax
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.
- by Victoria Devine
Opinion
Opinion
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.
- by Nicole Pedersen-McKinnon
Analysis
Analysis
Why sorting your tax early this year is more important than ever
You need to look for every tax deduction and defer any income you can, and take advice on your particular circumstances so you don’t overdo it.
- by Julia Hartman
Nine out of 10 landlords are getting their income tax returns wrong, and the ATO is watching
Dodgy landlords making inflated claims for repairs and maintenance on their rental properties are firmly in the Australian Tax Office’s sights.
- by Rachel Clun
Analysis
Income tax
Easy-to-miss deductions that could reduce your tax this year
Work-related handbags, briefcases and sunscreen are just some of the tax deductions that can be overlooked.
- by John Collett
Original URL: https://www.smh.com.au/topic/tax-deductions-hoi