Understand the Kilometre rates for business use of vehicles

by AdminTax & CompliancePosted on Comments are Disabled

Chances are, you have a company vehicle used for both business and private. If you not sure what rate to use to claim your mileage expenses, use the rates listed below to calculate the allowable expense for using your vehicle for business purposes for the 2018-2019 income year. Using the Tier One and Tier Two …

Read more “Understand the Kilometre rates for business use of vehicles”

Tax and property – ring-fencing rental losses

by AdminTax & CompliancePosted on Comments are Disabled

There’s been some confusion about proposed changes to the tax treatment of rental losses. Many taxpayers have been a bit panicky, under the impression that the changes are already in force. While it seems to be fairly certain that these changes will come in, until the law passes they are not in operation. The legislation to make this …

Read more “Tax and property – ring-fencing rental losses”