This month we look at: the controversial case of the taxpayer who claimed a loss on their home, the Christmas tax dilemma, and key influences of 2024.
- The controversial case of the taxpayer who claimed a loss on their home
A decision by the Administrative Appeals Tribunal has the tax world in a flurry after the Tribunal found in favour of a taxpayer who sold the apartment she lived in for a loss, then claimed the $265,935 loss in her tax return as a deduction. Pages 1-2. Read More
- The Christmas tax dilemma
Don’t want to pay tax on Christmas? Here are our top tips to avoid giving the Australian Tax Office a bonus this festive season. Pages 3-5. Read More
Uncertainty has reigned over the last few years, but can we expect more consistency as we head into 2024? We explore some of the key issues and influences. Page 6. Read More
Quote of the month:
“There are those who give with joy, and that joy is their reward.”
Kahlil Gibran, Author
Check other editions of Your Knowledge here
