• Proposed Amendments to the Tax Law — A Bill introduced by the government to amend various sections of the tax law, including the small business CGT concessions. More.

• Deductibility of Self-education expenses — A Federal Court decision in which a taxpayer who received the Youth Allowance was allowed a deduction for self-education expenses. More.

• Superannuation Warning — A Taxpayer Alert issued by the Tax Office warning SMSFs of arrangements involving the transfer of benefits associated with in-house assets transitional provisions. More.

• PAYG Instalments — An announcement by the government to reduce quarterly PAYG instalments for the 2009/10 income year. More.

• Data Matching Projects — Three data matching projects the Tax Office will carry out. More.

• Superannuation Rates and Thresholds — Key superannuation rates and thresholds for the 2009/10 income year. More.

• Reminder: Individual Tax Rates from July 1 2009 — Changes to the individual marginal tax rates and low-income tax offset. More.

Please contact us if you wish to discuss how the points raised in Client Alert specifically affect you.