Main Residence Rules

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    Navigating CGT on Your Home: New ATO Clarity for Home-Based Businesses

    Running a business from home—whether as a sole trader, freelancer, or small operator—has many perks. But when it comes to selling your home and potentially saving on tax, recent guidance from the ATO serves as a reality check. The ATO has provided its views on how home-based businesses interact with the small business capital gains tax (CGT) concessions, providing a…

    Taxation