monk, Author at Kirby Hawke

Investment products may be held as trading stock by a taxpayer carrying on a business of share trading or options trading. However, whether a particular parcel should be treated as trading stock must be determined on a case-by-case basis. Generally,...

Deduction for association subscriptions — eligibility can endure into retirement Many professional, business or trades people are members of an association, and during their working life subscribe to an appropriate organisation. Deduction for association subscriptions In most cases the membership...

The ATO says its base tax penalty amount may be increased or reduced. The base penalty amount may be increased where the taxpayer hinders the ATO, but it also may be reduced in the following circumstances. Voluntary disclosure The voluntary...

Property investment has been one of the active investment activities in Australia. In the last few years, it has increased tremendously due to an increase in population and foreign investors. Australian Taxation Office (ATO) have begun to focus more on...

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