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Inside this month:
- High Court Brings Greater Clarity on Trust Distributions: The High Court has recently handed down an important decision that will impact many private business groups using discretionary trusts and corporate beneficiaries.
- Don’t Let Sharing Economy Income Catch You Off Guard This Tax Time: The sharing economy has created new opportunities for Australians to earn additional income. Whether it’s driving for a ride-sharing service, renting out a holiday property, completing freelance work people are supplementing their regular income through online platforms.
- Navigating the 2026-27 Car Thresholds: If you’re thinking about purchasing or leasing a vehicle for your business in the new financial year, it’s worth understanding the updated car thresholds that apply from 1 July 2026.
- Changes to the Self Managed Super Fund (SMSF) Borrowing Rules: To ensure passage of negative gearing and CGT discount changes that were announced in the May 2026 Federal Budget the Government agreed to make amendments to the SMSF borrowing rules
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