Nobel Thomas

💸 Think you might be missing out on tax deductions?

There are potentially dozens of expenses you could be eligible to claim on your Australian tax return — but the rules can be confusing.

From 🏠 working-from-home expenses and 📱 phone and internet costs to 🚗 work-related travel, 🎓 education, 💻 technology and 💼 business expenses, it pays to know what you can legitimately claim.

We’ve put together a handy guide covering 50 common tax deductions in Australia.

👉 Read the full guide here: https://tinyurl.com/3b2ajsyj

And remember: keeping your receipts, invoices and other supporting records can make tax time much easier.

Not sure whether an expense is deductible? Don’t guess — speak with an experienced accountant.

🏢 Own your business premises? Thinking about moving the property into your SMSF?

This can be an attractive long-term wealth strategy—but there are important tax, superannuation and Victorian property rules to consider first.

Before transferring commercial property to an SMSF, you should understand:

✅ Business real property requirements
✅ Market-value rules
✅ Victorian stamp duty considerations
✅ Capital gains tax implications
✅ In-specie contributions and contribution caps
✅ Arm’s-length commercial leasing
✅ The potential impact of NALI

One of the biggest mistakes is treating the SMSF as an extension of the business. After the transfer, your business is the tenant and the SMSF is the landlord. The lease and rental arrangements need to be genuinely commercial.

If you own commercial property and are considering an SMSF transfer, planning the transaction properly can help avoid expensive tax and compliance problems.

📖 Read the full guide:
https://tinyurl.com/4msjd4cb

📞 Want to discuss your situation? Contact Nobel Thomas to arrange a consultation.

Transferring Commercial Property to an SMSF: A Guide for Victorian Law Firms and Businesses Using a Self-Managed Super Fund (SMSF) to hold business premises can help Australian business owners build long-term wealth. Your business can pay rent directly to your retirement fund. The SMSF ca…

Is it time to rethink your business structure?
Your business has changed. Has your structure changed with it?

You may need a review if:
✅ Your profits have grown significantly
✅ You're adding partners or investors
✅ You're planning to expand or sell
✅ You want to separate personal and business assets
✅ Your current tax position is becoming less efficient
✅ Your personal or business circumstances have changed

Choosing the right structure isn't just about paying less tax—it should also fit your business goals, risk, ownership and future plans.

Ready to find out whether your current structure still suits your business?

👉 Book a business structure consultation with Nobel Thomas today.

📞 +61 3 8679 6552

Read the full guide: https://tinyurl.com/6w5kezu9

🏠 Thinking about selling your investment property?

Before you list it for sale, there’s one important question to consider:

What could the sale mean for your tax bill?

Capital Gains Tax isn’t something you should only think about when lodging your tax return. Planning ahead can help you understand your potential liability before you commit to the sale.

Your circumstances may involve:

✅ The property’s cost base
✅ Renovation and improvement costs
✅ Selling and agent costs
✅ Your ownership structure
✅ How long you’ve owned the property
✅ Previous capital gains or losses
✅ Potential CGT concessions
✅ Whether the property was previously your home

If you’re considering selling, talk to an accountant before signing the contract—not after settlement. https://tinyurl.com/5dakvkb7

📞 Planning to sell? Contact Nobel Thomas to discuss your situation.

Not all of a redundancy payment is necessarily taxable.

For the 2026–27 financial year, a genuine redundancy payment can have a tax-free component calculated as:

💰 $13,598 + $6,801 for every completed year of service

So, if you've completed 10 years of service, the tax-free limit could be $81,608 — provided the redundancy meets the relevant requirements.

But there's an important catch: redundancy packages can contain different types of payments, and each component may have different tax treatment.

If you've recently received a redundancy payout, understanding how it has been calculated and reported can help you avoid surprises at tax time.

📖 Read our full article: https://tinyurl.com/s8uvdnka

What Is the Tax-Free Limit on Redundancy Payments in Australia? If you receive a redundancy payment in Australia, part of the payment may be completely tax-free. However, the tax treatment depends on whether the

Thinking about using one property to secure another loan?

You may be considering cross-collateralisation—a lending structure where multiple assets are used as security for one or more loans.

While it can provide easier access to equity, it may also make selling, refinancing and managing your property portfolio more complicated.

For business owners, there’s another important consideration: personal assets could potentially be exposed when used as security for business borrowing.

Our latest article explains:
✅ How cross-collateralisation works
✅ The potential risks
✅ Tax considerations
✅ Best practices before agreeing to it

Read the full guide from Nobel Thomas:
👉 https://tinyurl.com/3kadxjex

What Is Cross Collateralization? Risks & Best Practices Cross collateralization is a lending arrangement where more than one asset is used as security for a loan or group of loans. It is commonly used by

Are you making the most of Australia's 50% Capital Gains Tax Discount?

Many Australians don't realise they may be eligible to reduce their taxable capital gain by 50% when selling eligible assets held for more than 12 months under the current rules. Understanding the eligibility requirements and planning ahead can make a significant difference to your tax outcome.

In our latest article, we explain:
• How the 50% CGT Discount works
• Eligibility requirements
• Assets that qualify
• Common mistakes to avoid
• Tax planning strategies before selling an investment

Whether you're an investor, property owner, or business owner, proactive tax planning is essential.

📖 Read the full guide: https://tinyurl.com/bddrvhcj

Being left out of a Will doesn't always mean you have no legal options.

If you believe you weren't adequately provided for, you may be eligible to make a Family Provision Claim in Victoria. Understanding your rights and acting within the required timeframes can make all the difference.

Learn more in our latest article: https://tinyurl.com/tzpmk3wh

What is a Family Provision Claim in Victoria? When someone passes away, many people assume their Will is final. However, under Victorian law, certain people may be entitled to challenge a Will by

Received an IAS from the ATO and not sure what it means?

You're not alone. Many business owners confuse an Instalment Activity Statement (IAS) with a Business Activity Statement (BAS).

Our latest blog explains:
• What an IAS is
• Who needs to lodge one
• How it differs from BAS
• Common reporting obligations
• Tips for staying compliant

If you're unsure about your tax reporting requirements, this guide is a great place to start.

Read the full article here: https://tinyurl.com/4y9mw6z3

Need personalised advice? Our experienced team is here to help.

nobel.com.au

Do You Need to Pay Super on Overtime?

This is one of the most common payroll questions we hear from employers.

The short answer: Usually not for genuine overtime.

If overtime is worked outside ordinary hours and paid at overtime rates, super is generally not payable. But there are important exceptions, particularly when additional hours are considered part of an employee's ordinary work arrangements.

Understanding the difference can help your business avoid costly compliance mistakes and payroll issues.

Read our latest article:
👉 https://nobel.com.au/news/is-super-paid-on-overtime/

Is Super Paid on Overtime? One of the most common payroll questions employers ask is: is super paid on overtime? A qualified Tax Accountant Melbourne like Nobel Thomas can help