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Category Archives: Tax
Govt to close education expense deduction claims
As reported earlier , the High Court ruled in 2010 that receipients of Youth Allowance and certain other benefits that are paid only if the beneficiary is undertaking a course of education are allowed to claim a deduction for the … Continue reading
Tax treatment of losses
The Treasurer, Wayne Swan, has released the Business Tax Working Group’s interim report on the tax treatment of losses. The report sets out four reform elements: replacing the integrity rules restricting access to losses allowing immediate loss refundability allowing losses … Continue reading
Posted in Business, Law, Tax
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Economic Outlook prompts major super changes
In releasing the 2011-12 Mid-Year Economic and Fiscal Outlook (MYEFO) on 29 November 2011, the Treasurer said that GDP growth would not grow as strongly as forecast and that forecast tax receipts had been written down by more than $20bn … Continue reading
Posted in Superannuation, Tax
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