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	<title>MDB Taxation &#38; Business Advisors &#187; Property</title>
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	<description>MDB Taxation &#38; Business Advisors in Melbourne CBD</description>
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		<title>Loans put on hold and debt forgiveness: ATO’s views</title>
		<link>http://mdbco.com.au/loans-put-on-hold-and-debt-forgiveness-ato%e2%80%99s-views/</link>
		<comments>http://mdbco.com.au/loans-put-on-hold-and-debt-forgiveness-ato%e2%80%99s-views/#comments</comments>
		<pubDate>Thu, 03 Sep 2020 02:15:49 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[Tax Cases]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=3105</guid>
		<description><![CDATA[The ATO has “clarified” its position on loans put on hold during COVID-19. The ATO will consider a debt to be forgiven for tax purposes if: • the debtor is somehow relieved from the legal obligation to repay it; or • there is evidence that the creditor won’t insist on repayment or rely on the [...]]]></description>
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		<title>Insurance payouts: are they taxable?</title>
		<link>http://mdbco.com.au/insurance-payouts-are-they-taxable/</link>
		<comments>http://mdbco.com.au/insurance-payouts-are-they-taxable/#comments</comments>
		<pubDate>Wed, 11 Mar 2020 03:23:24 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[Tax Cases]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2872</guid>
		<description><![CDATA[In recent months, parts of Australia have been battered by a combination of fire and floods. As people try to piece their lives together in the aftermath, insurance payouts can go a long way in helping rebuild homes and replace lost items. However, if you receive an insurance payout in relation to your business, home [...]]]></description>
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		<title>Super downsizer contributions reach $1 billion: Minister</title>
		<link>http://mdbco.com.au/super-downsizer-contributions-reach-1-billion-minister/</link>
		<comments>http://mdbco.com.au/super-downsizer-contributions-reach-1-billion-minister/#comments</comments>
		<pubDate>Mon, 12 Aug 2019 05:18:56 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Superannuation]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2636</guid>
		<description><![CDATA[The Assistant Treasurer, Michael Sukkar, has announced that older Australians downsizing from their family homes have contributed $1 billion to their superannuation funds. The downsizer measure, which commenced on 1 July 2018, allows older Australians choosing to sell their home and downsize or move from homes that no longer meet their needs, to contribute the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Rental deductions: ATO audits to double</title>
		<link>http://mdbco.com.au/rental-deductions-ato-audits-to-double/</link>
		<comments>http://mdbco.com.au/rental-deductions-ato-audits-to-double/#comments</comments>
		<pubDate>Mon, 13 May 2019 03:14:12 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2501</guid>
		<description><![CDATA[The ATO has warned that it will increase its scrutiny of rental-related deductions this year. It says some people are still claiming travel to residential rental properties, but from 1 July 2017 taxpayers (aside from excluded entities) have no longer been permitted to claim tax deductions for travel expenses related to inspecting, maintaining or collecting [...]]]></description>
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		<title>Property used for storage an active asset for small business CGT concession purposes</title>
		<link>http://mdbco.com.au/property-used-for-storage-an-active-asset-for-small-business-cgt-concession-purposes/</link>
		<comments>http://mdbco.com.au/property-used-for-storage-an-active-asset-for-small-business-cgt-concession-purposes/#comments</comments>
		<pubDate>Wed, 17 Apr 2019 03:38:55 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2474</guid>
		<description><![CDATA[The Administrative Appeals Tribunal (AAT) has decided that a property a small business owner used to store materials, tools and other equipment was an active asset for the purpose of the small business capital gains tax (CGT) concessions. The taxpayer carried on a business of building, bricklaying and paving through a family trust. He owned [...]]]></description>
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		<title>ATO finds 90% error rate in sample of rental property claims</title>
		<link>http://mdbco.com.au/ato-finds-90-error-rate-in-sample-of-rental-property-claims/</link>
		<comments>http://mdbco.com.au/ato-finds-90-error-rate-in-sample-of-rental-property-claims/#comments</comments>
		<pubDate>Tue, 16 Apr 2019 01:10:03 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2470</guid>
		<description><![CDATA[ATO Commissioner Chris Jordan has advised that as part of the ATO’s broad random enquiry program, its auditors have recently completed over 300 audits on rental property tax deduction claims and “found errors in almost nine out of 10 returns reviewed”. The ATO is seeing incorrect interest claims for entire investment loans where the loan [...]]]></description>
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		<title>First Home Super Saver scheme and downsizer super contributions: ATO guidance</title>
		<link>http://mdbco.com.au/first-home-super-saver-scheme-and-downsizer-super-contributions-ato-guidance/</link>
		<comments>http://mdbco.com.au/first-home-super-saver-scheme-and-downsizer-super-contributions-ato-guidance/#comments</comments>
		<pubDate>Tue, 04 Dec 2018 02:29:57 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Superannuation]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2344</guid>
		<description><![CDATA[In November 2018, the ATO issued a Super Guidance Note to provide people with general information about how the First Home Super Saver (FHSS) scheme works. The guidance note explains who is eligible to use the scheme, the kind of contributions that can be made and then released from super for buying a first home, [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>GST: supplies of real property connected with Australia</title>
		<link>http://mdbco.com.au/gst-supplies-of-real-property-connected-with-australia/</link>
		<comments>http://mdbco.com.au/gst-supplies-of-real-property-connected-with-australia/#comments</comments>
		<pubDate>Wed, 05 Sep 2018 23:27:18 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[Tax Cases]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2233</guid>
		<description><![CDATA[GST Ruling GSTR 2018/1, issued on 22 August 2018, sets out the ATO’s view on when supplies of real property are connected with the indirect tax zone (Australia). It states that a supply of real property is connected with Australia if the real property, or the land to which it relates, is in Australia. The [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>First Home Super Saver scheme: ATO guidance</title>
		<link>http://mdbco.com.au/first-home-super-saver-scheme-ato-guidance/</link>
		<comments>http://mdbco.com.au/first-home-super-saver-scheme-ato-guidance/#comments</comments>
		<pubDate>Wed, 05 Sep 2018 23:22:12 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Superannuation]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[Tax Cases]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2221</guid>
		<description><![CDATA[Law Companion Ruling LCR 2018/5, issued by the ATO on 15 August 2018, provides guidance on the First Home Super Saver (FHSS) scheme. TIP: The FHSS scheme is designed to help eligible first-home buyers by allowing them to make voluntary superannuation contributions and then withdraw those amounts and associated earnings to use when purchasing a [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>GST property settlement online forms available</title>
		<link>http://mdbco.com.au/gst-property-settlement-online-forms-available/</link>
		<comments>http://mdbco.com.au/gst-property-settlement-online-forms-available/#comments</comments>
		<pubDate>Thu, 05 Jul 2018 04:22:32 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2124</guid>
		<description><![CDATA[From 1 July 2018, purchasers of newly constructed residential properties or new subdivisions must pay the related GST directly to the ATO as part of the settlement. The ATO says property transactions of new residential premises or potential residential land that involve GST to be paid directly to the ATO on or before settlement will [...]]]></description>
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