Are you still safe claiming full deductions on your holiday home – or could the ATO see it as a private weekender in disguise? New draft guidance puts the spotlight on how you actually use the property in peak periods. This article unpacks what’s changing, who is most at risk, and what patterns of use the ATO is likely to scrutinise.
The ATO is signalling a tougher stance on holiday home deductions, with new draft guidance targeting properties kept mainly for personal use. Owners who block out peak periods for private holidays could soon lose key tax benefits – here’s what you need to know.
The holiday season brings unique challenges for businesses – are you prepared? From payroll timing to super contributions and workplace compliance, early planning can help you avoid costly surprises.
Ever wondered why your tax includes charges for the Medicare levy and surcharge? Discover what they mean, who pays them, and how private health insurance impacts your liability.
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