Make sense of your tax

The 2026 Budget proposes a 30% minimum tax on family trust income

The 2026 Budget proposes scrapping the 50% CGT discount

Division 40 depreciation, division 43 capital works, plant and equipment depreciation

Free Tax Deduction Checklists by Occupation

Tax Deductions by Occupation: The Complete Australian Checklist Library Trinity Guide

Tick the wrong residency box and the ATO may tax your worldwide income — or hit you with foreign-resident rates from the first dollar. The four residency tests have nothing to do with your passport. Here is how they actually work in 2026, and why the "new 183-day rule" is still not law.

Australia has no gift tax — and that short answer gets families into trouble. Gifting assets triggers CGT for the giver, large gifts can cut a pensioner's Centrelink payments for five years, and overseas money can be taxed under section 99B. Here is what actually happens when money changes hands.

Australia abolished death duties decades ago, so the inheritance itself is tax-free. But sell an inherited asset, receive a parent's super as an adult child, or bring money in from a foreign estate and the tax system takes its share. Here is where the real exposure sits — with a worked example showing $114,000 of…

"I'll just write the car off" is the most misunderstood sentence in small business tax. A write-off is depreciation — capped by the car limit, paced by the pool rules, and partly clawed back when you sell. Here is how the rules really work, with one ute followed from purchase to sale.

Yes, your small business can buy a car — but should it? The answer depends on your structure, your genuine business use, your GST registration and the FBT trap that catches company owners every year. Here is the decision framework, with a worked example comparing buying personally vs through the business.

The deduction is real — and so are the caps. The 2025–26 car limit of $69,674, the $6,334 GST credit ceiling, LCT thresholds, FBT on private use and the EV exemption that can zero it out. A structures-and-numbers guide to buying a car through your business, including a worked $95,000 SUV vs $68,000 EV comparison.

The complete BAS calendar for FY2026–27: Q1 due 28 October 2026, Q2 due 28 February 2027 (a Sunday — effectively 1 March), Q3 due 28 April and Q4 due 28 July — plus the registered-agent dates that add about four weeks to three of the four quarters. Bookmark the table and load your calendar in…