Surprise death penalty in new super tax
A bizarre twist in the mechanics of the new super tax means inherited tax credits in deceased estates will have no value, while capital gains obligations will remain in place.
Tax
So, who’s home free on the super tax?
The tax on unrealised gains inside superannuation accounts could only have been invented in Canberra. Taxing profits people haven’t made is a testament to the disconnect between the political and bureaucratic class from the productive parts of Australia.
Who the ATO will target this tax time
A bather-buying truckie, real estate agent dental work, and people double-dipping are among dodgy tax deduction attempts the ATO has denied.
What to do now the ATO has its gloves off
The ATO is firmly in collections mode and if you have a tax debt, expect a phone call. Here’s how to get out of a hole.
Australia has one of the most unfair tax systems in the world
All major political parties in opposition have recognised the issues in our tax rules, but fear embracing fairness will hit revenues. The reverse is more likely.
How to get ready for $2m tax-free super
Advisers are suggesting inflation indexing will raise the tax free super allowance per head by $100,000 to $2m this year, and investors should be making plans now.
Medicare Levy tax sting hits 110,000 Aussies in just two years
The Medicare Levy Surcharge now affects average wage earners, leaving many people with a tax bill they could easily avoid.
How much your super will be boosted next week
A compulsory superannuation increase from July 1 delivers much larger benefits that its initial dollar amounts suggest. Here’s why.
What you need to know as the ATO targets family trusts
Financial advisers have received fresh guidance from the tax office regarding family trusts — it’s time to review your arrangements.
What the ATO will target in your 2024 tax return
Hundreds of thousands of tax returns had mistakes in them last year, and the ATO is sharpening its focus on three key areas.
Original URL: https://www.theaustralian.com.au/topics/tax