Level 4, 20 Grenfell Street,
Adelaide SA  5000

Phone: 08 8231 1888
Fax: 08 8231 3888

Email: admin@crase.com.au





 
Latest News
Hot Issues
Small businesses may ‘collapse under strain of payday super’, IPA warns
ATO’s hands tied with scrapping on-hold debts, expert says
What Drives Your Business Growth and Profits?
Australian Taxation Office (ATO) shifting to firmer debt collection activity
Why employee v contractor comes down to fine print
Sharing economy reporting regime for platform operators
Countries producing the most solar power by gigawatt hours
Illegal access nets $637 million
Accessing superannuation benefits.
Does your business have a company Power of Attorney?
Labor tweaks stage 3 tax cuts to make room for ‘middle Australia’
GrantConnect
2 in 3 SMEs benefit from instant asset write-off, survey reveals
Updated guidance on R&D claims
Do you know how to recover debts?
Wheat Production by Country
Types of small business benchmarks
What is a Commercial Lease?
ATO warns advisers against suspect R&D tax claims
The year of workplace law upheaval
How to Resolve Invoice Payment Disputes
Raft of revenue tweaks in MYEFO to raise millions
The Countries that Export the Most Wine in the World
Articles archive
Quarter 4 October - December 2023
Quarter 3 July - September 2023
Quarter 2 April - June 2023
Quarter 1 January - March 2023
Quarter 4 October - December 2022
Quarter 3 July - September 2022
Quarter 2 April - June 2022
Quarter 1 January - March 2022
Quarter 4 October - December 2021
Quarter 3 July - September 2021
Quarter 2 April - June 2021
Quarter 1 January - March 2021
Quarter 4 October - December 2020
Quarter 3 July - September 2020
Quarter 2 April - June 2020
Quarter 1 January - March 2020
Quarter 4 October - December 2019
Quarter 3 July - September 2019
Quarter 2 April - June 2019
Quarter 1 January - March 2019
Quarter 4 October - December 2018
Quarter 3 July - September 2018
Quarter 2 April - June 2018
Quarter 1 January - March 2018
Quarter 4 October - December 2017
Quarter 3 July - September 2017
Quarter 2 April - June 2017
Quarter 1 January - March 2017
Quarter 4 October - December 2016
Quarter 3 July - September 2016
Quarter 2 April - June 2016
Quarter 1 January - March 2016
Quarter 4 October - December 2015
Quarter 3 July - September 2015
Quarter 2 April - June 2015
Quarter 1 January - March 2015
Quarter 4 October - December 2014
Housing tax measures progress to Parliament

Legislation for a number of housing affordability tax measures announced in the federal budget 2017 are being introduced to Parliament today.



       


 


Four key tax measures from the government’s housing affordability package will be introduced to parliament today according to a media release from Treasurer Scott Morrison.


One measure is the First Home Super Saver Scheme (FHSSS) which will enable prospective first home buyers to save for a deposit inside superannuation.


PwC private clients director, Liz Westover, and Deloitte superannuation head, Russell Mason, have both previously voiced their support of this measure.


“What this does is give them the capacity to save in a tax effective environment without compromising those retirement savings,” Ms Westover said.


A more controversial measure that will prevent property investors from claiming travel expenses to inspect residential investment properties and limit the depreciation deduction claims investors will be able to make on properties purchased after 9 May 2017 was also introduced.


The Institute of Public Accountants' senior tax adviser, Tony Greco, recently told Accountants Daily that he believes these measures go against the basis of Australia’s tax system.


“The premise behind our tax system is the ability to claim an expense against the revenues, so what they're doing is they're altering that fundamental right,” Mr Greco said.


The government’s foreign resident vacancy levy, which will place an annual vacancy charge on foreign residential real estate owners if their property is not occupied or available on the rental market for at least six months in a 12-month period, will also be introduced.


Finally, a downsizing measure will be introduced, which will allow older Australians to contribute proceeds from the sale of their family home into their superannuation accounts.


 


LARA BULLOCK
7 Sep 2017
accountantsdaily.com.au




21st-October-2017
      Site By AcctWeb