Updated Tax Regulations for Australian Property Owners

The Australian Taxation Office (ATO) has recently implemented significant changes affecting property owners, particularly concerning the Foreign Resident Capital Gains Withholding (FRCGW) rules. Effective from January 1, 2025, these updates aim to enhance tax compliance and ensure accurate reporting of property transactions across Australia. Key Changes to FRCGW Rules Previously, Australian residents selling property valued […]
Major tax crackdown on AirBnBs

A major tax crackdown has begun in response to a record number of Australians working side jobs, earning income from Airbnb, Uber, and other sharing economy services. In addition, thousands writing off their rental properties for tax purposes.