Epoch News

The Better Targeted Superannuation Concessions measure (known as the Division 296 tax) is now law and takes effect from 1 July 2026. For those with large super balances, it’s important to understand what the new tax does, why it’s been introduced, and the practical...

As Fringe Benefits Tax (FBT) lodgement season approaches, family businesses should carefully review the perks they provide to working directors and family members. A high-profile case involving luxury vehicles provided to three brothers who run a large business empire...

When selling a business—or even a slice of one—how you value the assets involved can have a major impact on the tax bill. A recent Full Federal Court decision, Kilgour v Commissioner of Taxation [2025] FCAFC 183, offers timely guidance on how “market value” is really...

The ATO has issued a Draft Taxation Determination TD 2026/D1, which examines how inherited family homes are treated for CGT purposes. Some industry commentators have dubbed it a “death tax by stealth”, but it is a bit more complex than this. The draft guidance focuses...

Running a business from home—whether as a sole trader, freelancer, or small operator, has many perks. But when it comes to selling your home and potentially saving on tax, recent ATO guidance serves as a reality check.  The ATO has provided its views on how home-based...

Running a successful business is hard work, and sometimes, despite best intentions, tax obligations slip. If the business is operated through a company structure, the ATO can issue a Director Penalty Notice (DPN), holding company directors personally liable for unpaid...

For many Australians, a holiday home does double duty. It's a place to escape with family and friends, and during the rest of the year, it's listed on Airbnb or Stayz to help cover the costs.  Until recently, many owners assumed they could claim most of the usual...

Electric vehicles (EVs) are no longer a niche choice. By late 2025, they account for more than 8% of new car sales in Australia, driven in no small part by generous tax incentives. One of the most significant is the Federal Government's Electric Car Discount,...

As a business owner or investor, time is always tight. So it's no surprise many people now turn to AI tools like ChatGPT for quick answers on tax deductions, super contributions or structuring ideas. The responses sound confident, arrive instantly and cost nothing....

If you run a business, you already know the juggling act of managing payroll — paying staff on time, managing cash flow, and staying compliant. From 1 July 2026, there's a major change coming that will reshape how you handle superannuation contributions for staff....