This month, we take a closer look at the ATO’s increasingly robust compliance approach across property, business incentives and emerging technologies. Recently released draft guidance on holiday homes indicates a firmer stance on deductions for short-term rental properties, particularly where personal use overlaps with genuine income-producing purposes.

We also look at the Federal Government’s review of the Electric Car Discount, which brings existing EV tax concessions into sharper focus and encourages both businesses and employees to reassess eligibility and timing. Attention then turns to the growing reliance on AI-generated tax “advice”, and the costly risks arising as the ATO intensifies its response to misinformation.

Finally, we explore the intricacies of downsizer contributions and the main residence exemption, outlining key requirements and common misunderstandings that frequently cause issues for retirees.