The loss carry back measure introduced in the 2020 Federal Budget can be a very helpful COVID-recovery option – we run over the details.
We also look at interest deductions available for rental properties, a development in the CGT rules around active assets and vacant land, and a tightening of compliance in regard to SMSF audits.
We hope you will find the topics interesting and thought provoking.
Please contact us if you wish to discuss how the points raised in this newsletter specifically affect you.