Article Summary:

• ATO compliance on property: The ATO is tightening rules on holiday home deductions, affecting how property owners claim rental income, expenses, and maintain compliance.
• EV tax changes: EV tax concessions are being reviewed, with potential impacts on FBT exemptions, LCT thresholds, and the timing of purchase decisions for businesses and employees.
• AI tax advice risks: AI-generated tax advice can be inaccurate and may lead to ATO penalties, making professional advice important for compliance and risk management.
• Downsizer and CGT rules: Downsizer contributions and CGT rules remain important for retirees, with eligibility, timing, and common mistakes affecting super contributions after selling a home.
• Payday Super from July 2026: New SG payment timing and reporting requirements will begin in July 2026, requiring employers to review payroll processes and prepare early.
• Who this matters to: These changes create key implications for businesses, property investors, and retirees across compliance, tax planning, and cash flow decisions.