Comprehensive Monthly Tax Update - May 2024

Catch up with our comprehensive monthly tax update with ATO activity, cases, edited binding rulings, specialist deep dives & more.

This month, we cover:

• Quick updates

  • What’s new

  • Illegal early access to super

  • Updates for tax professionals - Client linking, breach reporting

• Case updates

  • Krupin - Removal of beneficiary & transfer of share without consent

  • Van Eps - ATO compulsory examination

• Private rulings

  • Temporary residency and cryptocurrency

  • Temporary full expensing

  • Small business CGT and deceased estates

• Specialist Deep Dive - Deductions

  • Interest on refinanced loans

  • Duncan - Work travel allowance expenses substantiation

  • Meal expenses

  • Ionita - Self education expenses

  • Personal appearance and grooming expenses

  • Satterley Property Group - Capital vs revenue outgoings

Date recorded: 20 May 2024