159 9 https://www.verityadvisory.com.au/media/website_posts/159/20260331-End-of-Financial-Year.png page https://www.verityadvisory.com.au/insights/tax-and-structuring/4-financial-decisions-every-doctor-should-make-before-june-30/ 2026-03-31 04:32:00 158 9 https://www.verityadvisory.com.au/media/website_posts/158/Interest-rate.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/the-rba-has-hiked-again-here-is-what-it-means-for-doctors/ 2026-03-17 04:26:00 157 9 https://www.verityadvisory.com.au/media/website_posts/157/20260225-tax-vs-borrowing.png page https://www.verityadvisory.com.au/insights/tax-and-structuring/why-minimising-tax-can-quietly-kill-your-borrowing-capacity/ 2026-02-24 23:57:00 156 9 https://www.verityadvisory.com.au/media/website_posts/156/20260121-Boardroom.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/when-assumptions-meet-reality-in-practice-purchases/ 2026-01-21 08:17:28 149 9 small business and decide to sell it – or dispose of some of its assets – the Capital Gains Tax (CGT) retirement exemption can be a game-changer. This concession can significantly reduce, or even eliminate, the tax payable on the capital gain. ]]> https://www.verityadvisory.com.au/media/website_posts/149/20250930.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/the-cgt-retirement-exemption-concession-a-major-advantage-for-small-business-owners/ 2025-09-29 23:30:00 151 9 lump sum payout. While this can provide valuable financial support, it’s important to understand how the payment is taxed. Not all components are taxed the same way, and the tax treatment can significantly affect how much you actually take home. ]]> https://www.verityadvisory.com.au/media/website_posts/151/20250920.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/tax-on-redundancy-payments-explained/ 2025-09-19 23:30:00 152 9 electric vehicles (EVs) can be more complicated than for petrol cars – especially when using the logbook method. While fuel receipts are straightforward for petrol cars, calculating electricity usage for EVs requires more careful record-keeping and ATO-approved methods. ]]> https://www.verityadvisory.com.au/media/website_posts/152/20250914.jpg page https://www.verityadvisory.com.au/insights/car-expense-claims-for-electric-vehicles/ 2025-09-15 23:30:00 148 9 tax and asset protection benefits. One of the biggest attractions is the ability to split income among family members, helping reduce the overall tax burden compared to when one person earns all the income or when the trust itself is taxed. ]]> https://www.verityadvisory.com.au/media/website_posts/148/20251003.jpg page https://www.verityadvisory.com.au/insights/financial-planning/family-trusts-benefits-and-disadvantages-you-need-to-know/ 2025-09-04 23:30:00 143 9 economics and productivity roundtable wrapped up with the government making it clear that it remains firmly in charge of the nation’s tax policy direction. While plenty of ideas were discussed, very few immediate changes are set to be introduced.

Aside from ongoing talks with the States about a road user charge for electric vehicles, the only confirmed measures remain the two small personal income tax cuts promised at the May election and the 15% tax on large superannuation balances. ]]> https://www.verityadvisory.com.au/media/website_posts/143/20250825.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/economic-roundtable/ 2025-08-24 14:00:00 141 9 are self-education expenses tax-deductible? The rules can be complex, and the ATO applies a strict test. Let’s break down when you can (and can’t) claim a deduction for self-education expenses.]]> https://www.verityadvisory.com.au/media/website_posts/141/20250817.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/deductibility-of-self-education-expenses/ 2025-08-17 02:00:00 137 9 Can you claim work clothes on tax? Here's what actually counts.

From steel-capped boots to business suits — what's deductible and what’s not might surprise you.

In this article, we break down what you can claim, what you can’t, and how to avoid the common traps — especially if you're buying uniforms, protective gear, or laundry expenses. ]]> https://www.verityadvisory.com.au/media/website_posts/137/Clothing.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/can-you-claim-a-tax-deduction-for-work-clothes-heres-what-the-ato-says/ 2025-07-24 14:00:00 134 9 https://www.verityadvisory.com.au/media/website_posts/134/Divorce.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/cgt-consequences-of-divorce/ 2025-07-20 14:00:00 132 9 https://www.verityadvisory.com.au/media/website_posts/132/20250725.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/selling-shares-make-sure-you-understand-the-capital-gains-tax-cgt-rules/ 2025-07-17 03:45:00 130 9 https://www.verityadvisory.com.au/media/website_posts/130/20250721.jpg none 2025-07-14 14:00:00 129 9
However, any interest charged by the ATO before 1 July 2025 can still be claimed as a deduction in your 2024–25 tax return. ]]> https://www.verityadvisory.com.au/media/website_posts/129/20250716.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/key-change-to-ato-interest-deductibility-from-1-july-2025/ 2025-07-13 14:00:00 127 9 Hall v Commissioner of Taxation—has brought renewed attention to whether occupancy costs such as rent, mortgage interest, home insurance, and council rates can be claimed by employees, including those in healthcare, who are required to work remotely. ]]> https://www.verityadvisory.com.au/media/website_posts/127/20250710.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/working-from-home-and-occupancy-costs/ 2025-07-10 00:18:09 125 9 working from home claims and car usage for work. Here's how to stay compliant while maximising your return. ]]> https://www.verityadvisory.com.au/media/website_posts/125/20250617.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/maximise-your-2024-25-tax-return/ 2025-06-17 01:11:46 120 9 Capital Gains Tax (CGT) small business concessions: if you sell a business asset and want to claim the CGT concessions, the asset must have been used in your business—or at least held ready for use—for a specific period of time. ]]> https://www.verityadvisory.com.au/media/website_posts/120/20250521.jpg page https://www.verityadvisory.com.au/insights/cgt-small-business-concessions-using-an-asset-in-your-business-for-the-required-time/ 2025-05-20 23:19:29 117 9 https://www.verityadvisory.com.au/media/website_posts/117/20250513.jpg page https://www.verityadvisory.com.au/insights/keep-accurate-cgt-records-and-save-on-tax/ 2025-05-13 01:23:00 113 9 https://www.verityadvisory.com.au/media/website_posts/113/Superannuation-Tip.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/maximise-your-super-contributions-a-simple-guide-to-year-end-tax-strategies/ 2025-04-17 07:15:05 112 9
From a tax and superannuation perspective, there weren’t any surprises, although the Treasurer did pull a rabbit out of the hat by announcing a small (very small) tax cut for individuals. Not many commentators had been expecting that. ]]> https://www.verityadvisory.com.au/media/website_posts/112/Fed-budget-2025.png none 2025-03-27 00:34:45 110 9 capital gains tax (CGT) small business concessions when you sell the asset. These concessions can reduce, eliminate, or defer the capital gain arising from the sale. ]]> https://www.verityadvisory.com.au/media/website_posts/110/20250304.jpg none 2025-03-03 23:35:08 109 9 Inheriting a Home – and Then Living in It

Many people are aware that if you inherit a home and sell it within two years of the deceased’s passing, the sale may be exempt from capital gains tax (CGT).

However, there is another way to obtain a full CGT exemption on an inherited home—by ensuring that a “relevant” person resides in the property as their primary residence from the date of the deceased’s passing until the home is later sold, transferred, or otherwise disposed of. ]]> https://www.verityadvisory.com.au/media/website_posts/109/20250214.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/inheriting-a-home/ 2025-02-14 03:34:23 104 9 https://www.verityadvisory.com.au/media/website_posts/104/20250206.jpg page https://www.verityadvisory.com.au/insights/tax-and-structuring/ato-expands-rental-data-collection/ 2025-02-06 00:17:30 103 9 https://www.verityadvisory.com.au/media/website_posts/103/20250204.jpg none 2025-02-04 00:38:57