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[ August 09, 2011 12:00 AM ]
Carbon Tax FAQ

The Herald Sun's chief political correspondent Philip Hudson answers the big questions on the Government's carbon tax plan.

Q: Why is the government introducing a carbon tax?
A: It says this is to put a price tag on pollution. At the moment business and industry can pollute for free. The Government says the amount of pollution needs to be cut, because it is contributing to climate change.
 
Q: When would the carbon tax start?
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[ August 09, 2011 12:00 AM ]
Get capital gains right in 2011
The ATO is continuing its focus on capital gains tax (CGT) this year.
Last financial year we reviewed or audited more than 400 individual CGT claims, resulting in revenue adjustments in excess of $7 million.
What is a capital gain?
A capital gain is generally the difference between the cost of an asset when you purchased it or what it was worth when you obtained it and its value when you dispose of it. 
When do you need to pay CGT?
You usually need to de
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