ATO update Archive
Property
The ATO’s draft determination TD 2026/D1 clarifies how CGT applies to inherited homes in Australia. Learn how the main residence exemption works and what estates must consider to avoid unintended tax exposure.
Small BusinessTax
According to new guidelines issued by the Australian Taxation Office, small businesses that pay accountants or bookkeepers to apply for tax-exempt COVID-19 grants on their behalf will not be able to claim tax relief for the service.