Practice Update July 2024
Practice Update July 2024 covers following points:
- ATO’s ‘main residence exemption tips’
- Reminder of June 2024 Quarter Superannuation Guarantee (‘SG’)
- Notice of Medicare levy exemption data-matching program
- Family trust elections and interposed entity elections
- ATO may cancel inactive ABNs
- New lodgment obligation for income tax exempt organisations
- Taxpayers able to apply CGT small business concessions