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The ‘double death tax’ trap: How estate delays can cost you thousands

The ‘double death tax’ trap: How estate delays can cost you thousands

Delays in administrating an estate can now have huge tax consequences according to the ATO’s latest draft ruling.

  • by Julia Hartman

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Labor must fix our tax system. Anything less is economic destruction
Opinion
Tax reform

Labor must fix our tax system. Anything less is economic destruction

The spending and accumulation of Australia’s asset-rich owners is counteracting the belt-tightening of earners – and there’s only one way to fix it.

  • by Thomas Walker
I want to sell my investment property to my son. Do I have to pay tax?

I want to sell my investment property to my son. Do I have to pay tax?

When disposing of property, even to a close relative, capital gains tax will be part of the equation.

  • by Noel Whittaker
How a simple slip-up could see your property sale taxed twice

How a simple slip-up could see your property sale taxed twice

Take careful note of the date you sign your sale contract, as it could be what saves – or costs – you thousands in tax.

  • by Julia Hartman
Knocking down and rebuilding? Don’t fall for these tax traps

Knocking down and rebuilding? Don’t fall for these tax traps

When it comes to your redevelopment, there is no avoiding the fact that, in the eyes of the taxman, this is a profit-making venture.

  • by Julia Hartman
After years of restraint, Tax Office ramps up travel bans on major debtors

After years of restraint, Tax Office ramps up travel bans on major debtors

Data obtained by this masthead show the Tax Office used its powers to stop multimillion-dollar tax debtors leaving Australia just 46 times over six years, before sharply escalating enforcement this financial year.

  • by Carla Hildebrandt