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Building Better Business – September 2021

There’s always been some confusion about the tax treatment of costs and allowances for when an employee travels or spends time living away from home for their work. However, new ATO guidance has helped to clarify matters.

Are you looking at buying a new home before selling your existing one? There is a tax concession where you can treat both houses as a main residence for up to six months provided certain conditions are met. 

Meanwhile, more SMSFs are entering into property development and rental arrangements. We take you through the benefits and tax treatment of these investments.

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.

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