Understanding Capital Gains Tax

Understanding Capital Gains Tax

If you are reading this, it’s probably because you may not be fully understanding capital gains tax. Not to worry! Hopefully I can help solve any confusion surrounding CGT for you today! Understanding Capital Gains Tax: What is a Capital Gain? To cut it right...
Can I claim self education expenses?

Can I claim self education expenses?

So, can I claim self-education expenses or not? – It’s actually a little complex. What courses are eligible to claim self-education expenses? So now you must be thinking, what constitutes eligible self-education expenses? Can I just watch some YouTube...
Exempt income not subject to tax?

Exempt income not subject to tax?

In Australia, there is certain income that is not subject to tax. It may be possible that you possess income that is not subject to tax. This means that it will not be included as part of your assessable income, however, it may be used to in other calculations for...
Lodging Tax Return. When do I do it?

Lodging Tax Return. When do I do it?

The financial year in Australia is from the 1st July to the 30th June the following year. Any Income and work-related expenses realised within that period are what make up your tax return. But when does the return need to be lodged with the ATO? Lodging Tax Return...
Claiming car expenses for your tax return

Claiming car expenses for your tax return

The use of a car that you owned, leased, or hired in the year can be claimed if you used it for any work related purposes. Even if the car is not registered in your name, private arrangements can be taken into account. If the car was used as your own and you paid for...