Essentials Monthly Tax Update - May 2025

Stay informed with essential tax updates - legislation, significant cases, ATO docs & more. Perfect for juniors or a refresher!

In this session, we cover:

• Quick Updates

  • Superannuation rates and thresholds

  • Work from home - running expenses

  • ATO corner

  • ATO views on the Bendel case

• Property development income tax

  • Morton – Capital vs Revenue

  • Charles Apartments – Deductibility of interest

• Innovative employees

  • PBR – Payments to overseas contractors

  • PBR – Income protection insurance payments

• Taxpayers in trouble

  • Kirtlan – Residency and fraud or evasion

  • Evans – Input tax credits & related administrative penalties

  • VBNX – Serious hardship and Commissioner’s discretion

Date recorded: 28 May 2025