When someone dies, a capital gain or loss is generally ignored when a property passes: to the late person's executor or other legal personal agent to the deceased person's beneficiary –- such as next of kin or a person named in the will From the deceased person's legal personal representative...

If you remain an Australian resident overseas: You must lodge an Australian tax return and declare all your Foreign Service income, including any excuse income. You must declare that income even if tax was taken out in the country where you earned it. Capital gains on your assets If you...

The tax and superannuation systems are respected community assets that carry the Australian way of life. Australians show their support for these systems by voluntarily meeting their tax obligations – lodging returns and other reports on time and paying the right amount of tax. However, a small percentage of people...

When you buy or otherwise obtain a commercial property – such as a shop, factory or office – it's important to keep records right from the start. Commercial properties used in the running of a business are subject to capital gains tax. You'll need records of the date and costs...

Most income your business receives is assessable income – which means you need to declare it and it's subject to tax. You can claim tax deductions for most costs you incur in running your business but there are exceptions. For example, you cannot claim deductions for private or domestic expenses....