The Australian filing deadline is fast approaching which am sure is the last thing you may be thinking about due to current crisis we are all facing. We and the ATO urge you not to delay submission of your tax returns due to your inability to pay any tax liabilities that may arise as a […]
We at GM Tax have a work from home policy. We have plans in place for our employees can work from home as the need arises. Our offices remain open and we shall ensure that there will be no disruption to our service offering to you. We are committed to providing a high level of
Working Safe During Coronavirus Read More »
For contributions made prior to 1 July 2017 you could not claim a deduction if, during the income year, you obtained 10% or more of the total of the following as an employee: your assessable income your reportable fringe benefits your total reportable employer superannuation contributions. This is the case regardless of whether your employer
Superannuation Contributions – Changes Read More »
Background As a general rule, Australian resident individuals who invest in a rental property located outside Australia are assessed to tax in Australia on the net rental income in a similar way to rental income that is received from an Australian rental property. Note: Australian resident individuals who hold a temporary residency visa are usually
Tax in Australia on UK Rental Property – Depreciation as a Tax Deduction Read More »
A couple of items from the Budget Press Releases are worth noting by those who are living in Australia: > Personal allowances for non-residents: “To ensure the UK personal allowance remains well targeted, the Government intends to consult on whether and how the allowance could be restricted to UK residents and those living overseas who
UK Budget 2014: Issues of Importance to Non UK Residents Read More »
