The ATO sets out rules on Holiday Homes
March 2026 Newsletter The ATO has issued Draft Taxation Ruling 2025/D1 that sets out its position on income and deductions for rental properties and holiday homes. This replaces a ruling from July 1985 and also comes with two Draft Practical Completion Guidelines that sets out the ATO’s compliance approach. PCG 2025/D6 sets out the differing […]
Property Activities – Is your client ‘Required” to register for GST?
March 2026 Newsletter As the property market continues climbing to new heights, the key question facing clients engaging in property activities is whether their property activities constitute an enterprise and if they are ‘required to register for GST’. Whilst this appears to be an innocuous question, the impact of getting this wrong can be costly. […]