Tax Deductions for Repairs on Rental Properties
Ever wondered if you should be claiming your rental repairs and replacement expenses as a tax deduction or if they should be depreciated as assets on your tax return? The following will provide a rough guide and a few examples…
Read moreNet Medical Expense Tax Offset
If you have net medical expenses over $2,162* you may be eligible to receive the Net Medical Expense Tax Offset (NMETO). However, the conditions for receiving the NMETO have been adjusted as part of the ATO’s plan to phase out…
Read moreInsurance Within Superannuation
Many super funds provide Life & Disability cover for their members without their approval. The reason behind this is because your employer’s default fund must offer a minimum level of life insurance, depending on your age. The younger you are the…
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