JobKeeper overpayments On 31 July 2020, the ATO released guidance in a fact sheet titled ‘JobKeeper overpayments’ (QC 63309) in relation to how it intends to administer overpayments of JobKeeper payments. An entity has received an overpayment if it had...
MRE articles.
Year end 2020 tax planning – foreign residents and sale of main residence
Jun 3, 2020 | MRE, Special topic
The significance of 30 June 2020 for foreign residents selling their Australian home On 9 May 2017, as part of its 2017–18 Federal Budget, the Government announced that it would remove the ability of foreign residents to access the CGT main residence...
Draconian and retrospective CGT main residence exemption changes become a reality
NOTE: In this article, all section references are to the Income Tax Assessment Act 1997. Background On 9 May 2017, as part of the 2017–18 Federal Budget, the Government announced that it would make changes to the CGT main residence exemption (MRE). On 23 October 2019,...
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