The passing away of someone you love is a tragic event but not taking into account the tax considerations on sale of any property you receive from an inheritance as part of that estate can cause further grief. Main Residence If the property was used as the main residence of the deceased then any capital [...]
Monthly article archives: July 2011
Home Office Expenses
A lot of people incorrectly assume that because they frequently work from home that they are therefore entitled to a deduction of a portion of their interest, rent, electricity, etc. The ATO has provided a ruling TR93/30 which gives their view on when home expenses are deductible and how much of those expenses can be [...]