Money

Tax

Tax time: top work-related expenses ATO's eyeing

Australians claim about $23 billion in tax deductions for work-related expenses each year.

Higher-than-expected tax deductions relating to cars, travel, clothing, internet and mobile phones, and self-education expenses are among the top claims the tax man will be keeping a close eye on this tax time.

The one thing most investors get wrong

Remember: An investment's tax benefits are the cream on the cake.

There is anecdotal evidence that regulatory measures and budget proposals are having an effect on the housing market, which is a sad reflection on the mentality of the average property investor.