BLOGS

Most property investors feel confident choosing paint colours, tiles, or appliances — but when it comes to tax depreciation, many suddenly find themselves in unfamiliar territory. One of the most common questions we receive at BPTAX is: “What’s the difference between Division 40 and Division 43, and how do I know which one applies?” To answer this, let’s begin with a simple story. A Light Story to Set the Scene Imagine your investment property is a house shared by two very di

A foreign national lived in Australia throughout FY2025, was an Australian tax resident under ordinary residency rules, held a temporary visa until July 2025, applied for permanent residency (PR) in April 2025, and received foreign dividends throughout the year. In July 2025, PR was granted. A common question arises in practice: Does the PR application date change when the temporary-resident tax exemption ends? The short answer is no. The exemption is tied to temporary-resid

For nearly two decades, Australia has maintained one of the world’s most comprehensive anti-money-laundering frameworks — but until now, it has only applied to banks, casinos, and major financial institutions. That is about to change. The Federal Government has formally enacted the long-awaited “Tranche 2” reforms to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 , marking a historic expansion of compliance obligations to a much broader group of profession