Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
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Moves to end tax deductions associated with the cost of holding vacant land risk serious "scope creep" and could leave property owners and primary producers worse off, tax watchers have warned.
Already being considered by federal Parliament, legislation designed to deny owners of vacant land the ability to claim holdings costs such as interest, council rates, land tax and insurance as deductions has been likened to the removal of negative gearing.
Read more at the Financial Review.