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Notes Online Home 2016 Tax Schools Day 1 What's new for individuals
WHAT’S NEW FOR INDIVIDUALS
In this chapter of the notes we discuss the newest developments for individual taxpayers under the following headings:
- Changes affecting the preparation of the 2016 ‘I’ return – an overview
- New 5% tax discount for income earned from unincorporated small businesses
- Government simplifies claims for car expenses from 1 July 2015
- Recent Tribunal decisions affecting self-education expense claims
- Landmark decision allows home to work travel claims for fly-in fly-out workers
- New ATO guidelines for claiming mobile phone, home phone and internet costs
- New withholding obligation for property acquisitions from foreign residents
- New ATO ruling affects landlords renting out units, flats, apartments, etc.
- Government introduces major changes to the Zone Tax Offset