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How a Rushed Tax Return Sent 142,000 Australians Back to Amend It

The usual 31 October deadline falls on a Saturday this year, so people preparing their own return have until 11:59pm local time on Mon 2 November 2026. The ATO says delaying lodgment does not shift the 21 November payment date. As of 19 October, …

Aditi Sarkar | 28 October 2026

Records, Not Rough Guesses: What the ATO's Work-From-Home Rate Demands

Mark Chapman, a tax communications director, says people tend either to forget legitimate expenses or to claim too aggressively. "Working from home is a good example," he said. The ATO's Tax Time 2026 focus areas, announced in April, are work-related expenses, omitted income and …

Aditi Sarkar | 28 October 2026

Kept His Cars and Belongings in Australia: A Dubai Engineer Loses His $542,943 Refund Bid

In Quy v Commissioner of Taxation [2026] FCA 1316, Justice Christopher Horan dismissed an appeal by Trong Quy. Mr Quy had argued he was not an Australian resident, did not have an Australian domicile and had a permanent place of abode in Dubai, where …

Aditi Sarkar | 28 October 2026

Check Your Tax Preparer's Registration: Parliament Has Raised the Stakes

The Treasury Laws Amendment (Strengthening Accountability for Tax Adviser Misconduct and Other Measures) Bill 2026 had passed both the House of Representatives and the Senate by 10 September 2026, and was then awaiting royal assent. Whether assent has since been given, and when each …

Aditi Sarkar | 28 October 2026

Holiday Home, Hollow Deductions

On 20 May 2026 the ATO released three pieces of guidance. TR 2026/1 is a public ruling on rental property income and deductions for individuals who are not in business. PCG 2026/2 sets out the ATO's compliance approach to apportioning rental deductions. PCG 2026/3 …

Aditi Sarkar | 28 October 2026

Renting Out a Spare Room: The Income Is Taxable and the ATO Is Watching

On 20 May 2026 the ATO released Taxation Ruling TR 2026/1, covering rental property income and deductions for individuals who are not in business. Two compliance guidelines came with it: PCG 2026/2 on apportioning rental deductions and PCG 2026/3 on holiday homes that are …

Aditi Sarkar | 28 October 2026

The Trust Tax Numbers Nobody Has Seen

Sayer has asked the Senate Economics Legislation Committee to publish Treasury's modelling. She argues that two weeks is "a short time to examine a measure of this size" and questions whether the $4.5 billion would materialise if families restructured to avoid the tax. The …

Aditi Sarkar | 28 October 2026

Will the Senate Vote on the Trust Tax Also Decide Negative Gearing for Build-to-Rent and NDIS Homes?

The ATO says the core property changes "are now law" under the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 and the Income Tax Rates Amendment (Tax Reform No. 1) Act 2026, and both begin on 1 July 2027. Negative gearing is limited …

Aditi Sarkar | 28 October 2026

Brace Your Rental Return for 4.3% Inflation

Annual CPI climbed from 4.0% in August to 4.3% in September, and prices rose 1.3% over the quarter. The trimmed mean, the RBA's preferred underlying gauge, was 3.6% for the year. "Housing was the largest contributor to annual inflation in September, rising by 5.2 …

Aditi Sarkar | 28 October 2026

"An Insurance Hike": What a 0.25-Point Rate Rise Costs a Negatively Geared Investor

The ABS reported annual CPI at 4.3% in the year to September, up from 4.0% in August, with a trimmed mean of 3.6%. Housing led the rise at 5.2%.

Aditi Sarkar | 28 October 2026
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