Technical Resource Centre
Tax & Accounting
Technical references on Australian income tax, capital gains tax, deductions and accounting treatments. Every figure is date-stamped to its financial year and traced to an official source.
In this collection
7 resources each dated and sourced
Every tax resource states the period it applies to, links the official sources behind its figures, and records when those sources were last verified.
The CGT discount changes from 1 July 2027: what the law actually says
Schedule 1 of the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 is law and commenced on 1 July 2026, but its substantive changes apply only to CGT events happening on or after 1 July 2027. This resource sets out exactly who keeps a discount, who falls to 0%, and how the replacement cost-base indexation is confined.
Verified 13 July 20269 min read
The standard deduction for work expenses from 2026-27: a floor, not a bonus
New section 25-130 of the ITAA 1997 applies to assessments for 2026-27 — the only measure in the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 that touches the income year now under way. It gives eligible individuals a standard deduction of up to $1,000, reduced dollar for dollar by their listed work-related deductions, and it repeals the $300 and $150 substantiation exceptions.
Verified 13 July 20269 min read
The Working Australians tax offset: law now, claimable from 2027-28
Schedule 3 of the Treasury Laws Amendment (Tax Reform No. 1) Act 2026 inserted a new Working Australians tax offset into the income tax law. It commenced on 1 July 2026 but first applies to assessments for the 2027-28 income year — and $250 is its ceiling, not a universal entitlement.
Verified 13 July 20268 min read
Cents per kilometre or logbook? How to claim work-related car expenses
Individuals claiming work-related car expenses choose between the cents per kilometre method and the logbook method. This explainer sets out the current rates, the 5,000-kilometre cap, what a valid logbook looks like, and the records each method requires.
Verified 13 July 20268 min read
Division 293 tax explained: the extra 15% on super contributions for higher earners
A plain-English explainer of Division 293 tax — the additional 15% tax on concessional super contributions where combined income and contributions exceed $250,000 — covering who it catches, how the ATO calculates and assesses it, and the payment and release-from-super options.
Verified 12 July 20268 min read
Individual income tax rates for 2026-27: what changed on 1 July
The enacted resident tax rates for 2026-27 — the legislated cut of the 16% rate to 15%, what did not move, how the Medicare levy and offsets sit alongside the table, and the other 2026 measures that touch this income year.
Verified 12 July 20265 min read
The six-year rule: treating a former home as your main residence for CGT
How the absence choice in section 118-145 lets you keep treating a former home as your CGT-exempt main residence — the six-year limit while it earns rent, how the clock resets, the partial exemption past the limit, and the foreign resident restriction.
Verified 13 July 202610 min read
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