ATO system changes will capture LMITO entitlements

The tax office has moved to avert an administrative nightmare for tax payers who have already lodged their tax returns and risked missing out on the new tax offsets. The ATO released a statement on Friday saying it was implementing…

Labor’s negative gearing changes to apply to all investments

The Tax Institute has issued a statement providing further details of the Labor Party’s plan to introduce restrictions on negative gearing. The Institute’s senior tax counsel Robert Deutsch says he has been able to confirm with the ALP that the…

Labor’s negative gearing changes to apply to all investments

The Tax Institute has issued a statement providing further details of the Labor Party’s plan to introduce restrictions on negative gearing. The Institute’s senior tax counsel Robert Deutsch says he has been able to confirm with the ALP that the…

Mixed reception for Labor’s dividend policy change

The Labor Party has made changes to its controversial dividend franking rebate policy, in a bid to make the policy fairer. It has not satisfied its critics. Labor issued a “pensioner guarantee” to protect pensioners from its proposed changes. The…

How the Government stole your franking credits

Investment company Century Australia wrote to shareholders last week to tell them it was recalculating the franking credits it had issued with dividend payments made during the 2016/17 financial year. Century’s turnover in the 2016/17 financial was below $10 million,…