This edition features pieces on:

Christmas and tax:
Explains the FBT, deductibility and GST rules for Christmas parties and gifts, including when the $300 minor benefit exemption applies and the most tax-effective ways to thank employees and clients.

Reducing tax using super contributions:
Shows how catch-up concessional contributions can significantly reduce tax on a large capital gain, using a practical example. Covers who is eligible and how contributions reduce taxable income.

Division 296 tax updates:
Outlines the government’s revised proposal for taxing very large super balances, including taxing only realised earnings, indexing the $3m threshold, and introducing a higher 40% rate above $10m.

Home Equity Access Scheme:
Describes how retirees can access part of their home equity through government-backed payments, who can apply, how much can be borrowed, and key considerations such as interest and estate impact.

Renting your holiday home:
Summarises the rules for claiming deductions on holiday homes rented part-time, what counts as “genuinely available for rent,” and the CGT outcomes when the property is eventually sold.

Using your home to produce income:
Explains the CGT consequences of renting part of your home or using it for business, when the absence concession applies, and how partial CGT may arise depending on how the home is used.