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Inside this month:
- What’s Ahead for 2024-25?: Will 2024-25 be another year of volatility or a return to stability?
- $20k Instant Asset Write-off Passes Parliament: Legislation increasing the instant asset write-off threshold from $1,000 to $20,000 for the 2024 income year.
- Is Your Family Home Really Tax Free?: The main residence exemption exempts your family home from capital gains tax when you dispose of it.
- Earned An Income From The Sharing Economy?: It’s essential that any income earned from sharing economy platforms such as Airbnb is declared on your return.
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