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Death and the main residence exemption

Inheriting a main residence Where a taxpayer inherits a dwelling directly, or from a deceased person’s estate, the main residence exemption can apply to the taxpayer. This may be the case where the taxpayer is a beneficiary of a deceased estate, or the trustee of such an estate. Where property is owned as joint tenants…

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TED Talks: Glenn Greenwald – Why privacy matters

Glenn Greenwald was one of the first reporters to see — and write about — the Edward Snowden files, with their revelations about the United States’ extensive surveillance of private citizens. In this searing talk, Greenwald makes the case for why you need to care about privacy, even if you’re “not doing anything you need to hide.”

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TED Talks: Dan Ariely – What makes us feel good about our work?

What motivates us to work? Contrary to conventional wisdom, it isn’t just money. But it’s not exactly joy either. It seems that most of us thrive by making constant progress and feeling a sense of purpose.

Dan Ariely, behavioural economist, presents two eye-opening experiments that reveal our unexpected and nuanced attitudes toward meaning in our work.

It’s become increasingly obvious that the dismal science of economics is not as firmly grounded in actual behaviour as was once supposed. In “Predictably Irrational”, Dan Ariely tells us why.

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Rental Properties – Deductible Repairs v Capital Improvements

The Tax Office has been interested in rental property owners for some years now. It is recognised that there are a significant number of investors, and the Tax Office see this as an area that taxpayers are understanding rental income and over claiming deductions. In particular, the Tax Office is aware that many of these investors are new to the market, and their experience is seen to be an area of risk.

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