TIB - June 2020

New Legislation

COVID-19 Response (Taxation and Social Assistance Urgent Measures) Act 2020

EE002: Payments to employees for working from home costs during the COVID-19 pandemic
S63: Spreading of income and expenditure under an agreement for the sale and purchase of assets
Kilometre rates for the business use of vehicles for the 2020 income year
2020 CPI adjustment to DET 09/02: Standard-cost household service for childcare providers
2020 CPI adjustment to DET 19/01: Household boarding service providers
2020 CPI adjustment to DET 19/02: Short-stay accommodation
2020 CPI adjustment to OS 19/03: Square metre rate for the dual use of premises

Court of Appeal upholds High Court decision that clarifies when Commissioner’s Notice of Response is due following s 89K decision

The first sentence at the top of page 3 reads:

For buildings acquired after the end of the 2010–11 income year...

This sentence should read:

For buildings owned at the end of the 2010–11 income year...

Reference

Vol 32 No 5

Issued

28 May 2020