Taxation Advice and Tax Disputes

Losing the Main Residence Exemption

If Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No 2) Bill 2018 (‘Bill’) is passed Australian citizens may lose the benefit of the main residence exemption. The Bill has passed the House of Representatives and is before the Senate. If passed it can apply to sales of homes[…]

Here and there: Residency for tax purposes

Determination of residency in Australian taxation law is a complex collection of four separate tests any one of which may deem a person to be a tax resident. A recent decision of the Federal Court1 will not only surprise but concern many tax professionals; particularly comments on Taxation Office Checklists[…]