One of several measures announced as part of the Government’s package of drought assistance is the ability to claim an immediate deduction for fodder storage assets.
CGT and the family home: Expats and foreign residents beware
The family home of foreign residents and expats may be taxed if legislation before Parliament is passed by the Senate.
If you are a foreign resident living in Australia or an Australian working overseas who owns residential property in Australia, this reform potentially has serious tax implications for you.