Changes by the ATO affecting the 2016 Individual Tax Return:
- New reporting rules for claiming new tax discount for individuals with income as sole traders, partners & beneficiaries
- New guidelines for claims for mobile/home phones, internet and electronic devices
- New ruling for landlords of units, flats, apartments claiming deductions for common property but crackdown on repairs & interest claims
- New rules streamlining car expense claims methods
- New reforms limit claims for key offsets – dependant spouse, zone and medical expenses
- Crackdown on work related and self-education claims
- Other changes relating to residency, dependant & invalid carer tax offset and Medicare levy concessions & exemptions