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Press Releases 2005
ATO's Multi Million Dollar Gift to Taxpayers
In an act of good faith, the ATO will allow taxpayers who made cash donations to the Tsunami appeal to claim a tax deduction of up to $10 in their 2005 tax return without the need to have a receipt.
600% Increase in Land Tax on Some Family Homes
The Victorian Government is proposing to increase land tax on some family homes by more than 600% from 1 January 2006.
Land Tax Slug Set to More than Double
The NTAA has today warned that planned changes to the land tax measures, which are meant to take affect from 1 January 2006, are likely to cripple many small businesses and property investors.
ATO Rings Death Knell on Popular Business Arrangements for 70,000 Businesses
The NTAA has certainly not welcomed the document outlining the ATO's radical position on the very popular service trust arrangements.
Last Chance for Year End Tax Savings
Tax experts say that many taxpayers will generally be better off incurring tax deductible expenses in the 2005 income year, compared to later years, because of the tax cuts that should apply from 1 July 2005.
Welcome Tax Cuts Should Pave Way for Future Relief
Taxpayers welcomed the tax cuts announced in tonight's Federal Budget noting that expected future surpluses should mean more tax cuts in future budgets.
