What are the tax and investment considerations for a Granny Flat above versus a Tiny Home below? Income Tax Return Reporting - Income Streaming Tiny Homes Tiny home ownership does not have to follow the ownership interest of the underlying property ownership. For...
Secondary Dwelling From December 2023 the Victorian Government has passed planning changes to make it easier to build Granny Flats - or "small secondary dwellings", on existing homes. The Victorian Premier Jacinta Allan revealed that planning permits will no longer be...
The ATO is particularly targeting property investors that are not using the help of a specialist property tax accountant like Umbrella Property Accountant, due to the high error rate being discovered from ATO Audits. The ATO Audits into self-preparers have uncovered...
Yes can claim the tax deduction for money spent on a RAT kit in the following cases:
1. You are required to take a test before undertaking work (e.g., as a mandatory requirement under an employer’s COVID mandate),
or2. You are required to travel for work interstate and the RAT is required under a State direction or health order to enter the State or return to your home state.
But of course, if you have purchased a RAT kit for private purposes (personal travel, convenience, absence of PCR testing) or you’ve been reimbursed by your employer it will not be tax-deductible.
see also ATO announcement to ensure COVID-19 Testing expenses are tax-deductible
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