Canberra Tax Solutions

14/06/2026

11/06/2026

A commonly misunderstood fact about travel to and from your workplace.

02/06/2026

Use a car for work? 🚗

You can claim a deduction for work-related trips as long as you have a record to prove it. There’s no 'maximum kms with no records' rule - that’s fake news.

You’ll need to show that you own or lease the car, that you spent the money yourself and weren’t reimbursed, and how you’ve calculated your work-related kilometres. The easiest ways are to keep a diary or use the myDeductions tool in our app.

Work out your deduction using one of the 2 methods per car - Cents per km or Logbook method.

13/05/2026

BUDGET NIGHT CHANGES:

CAPITAL GAINS TAX
50 per cent Capital Gains Tax (CGT) discount to be replaced with a discount based on inflation, and introduce a minimum 30 per cent tax on gains from 1 July 2027. Unless you are investing in new builds, where you can choose the 50 per cent CGT discount or the new arrangements.

NEGATIVE GEARING
The Government will limit negative gearing to new builds from 1 July 2027, to focus tax support on new supply.

Existing arrangements will remain unchanged for all properties held before Budget night, and investors who buy new builds will still be able to deduct losses from other income.

Investors who buy established housing after Budget night will still be able to deduct losses against residential property income. They will be able to carry forward unused losses to future years, but won’t be able to deduct them against other income, like wages.

10/05/2026

Good news for small business owners.

10/05/2026

01/05/2026

If you want to reduce your study loan balance before indexation applies, you’ll need to make a voluntary repayment by 26 May. This will allow enough time for your payment to be processed.

There are a few ways you can make a voluntary repayment - including BPAY and credit card.

Repayments cannot be claimed as a tax deduction.

30/04/2026

With Payday Super, who’s eligible for super stays exactly the same.

✔️ Same eligibility rules
✔️ Same age and income thresholds
✔️ Same employees covered.

30/04/2026

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30/04/2026

If you use a registered tax agent to lodge your BAS, your Quarter 3 BAS (1st January 2026 to 31st March 2026) is due for lodgement and payment by 28th May 2026.