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Time is running out to update your family trusts to exclude foreign persons as beneficiaries

Time is running out to update your family trusts to exclude foreign persons as beneficiaries

Earlier this year it was announced the potential tax and stamp duty consequences on holding residential property in family trusts

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( Posted in: Tax )

To work or not to work?

To work or not to work?

To work or not to work? That is the question many Australian women (and some men) have to consider after having children.

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( Posted in: Tax )

Legal Ownership - It pays to get it right!

Legal Ownership - It pays to get it right!

When we buy property or other assets we generally give little or no thought to the legal ownership of that asset.

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( Posted in: Tax )

Australia’s different terminologies for Dual Occupancy Property.

Australia’s different terminologies for Dual Occupancy Property.

Across Australia we have many items that have different names or are even defined differntly across our different States and Territories and it also happens in property with Dual Occupancy.

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( Posted in: Tax )

Tax Deductions - Legal Expenses

Tax Deductions - Legal Expenses

One of the most common topics prefaced by "Can I claim" is legal expenses.

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( Posted in: Tax )

Death and Small business CGT concessions

Death and Small business CGT concessions

When a person dies, their assets are transferred to their legal personal representative (LPR)

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( Posted in: Tax )

Employee or independent contractor?

Employee or independent contractor?

There are many factors which contribute to determining what makes an employee and an independent contractor.

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( Posted in: Tax )

Market and Economic Overview

Market and Economic Overview

The RBA's July interest rate decision was complicated by the recent strength of the Australian dollar.

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What is a 'Cryptocurrency'

What is a 'Cryptocurrency'

A cryptocurrency is a digital or virtual currency that uses cryptography or encryption for security. A cryptocurrency is difficult to counterfeit because of this security feature.

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Worked in the UK?

Worked in the UK?

Everyone who works in Britain makes what are called National Insurance contributions. You need ten years of such contributions (not in a row) to qualify for a pension.

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Ride-sourcing and tax

Ride-sourcing and tax

Ride-sourcing is the term given to transporting passengers for a fare through the sharing economy. If you have a ride-sourcing enterprise, fares you receive are subject to GST.

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( Posted in: Tax )

E=MC² for Property Investors

E=MC² for Property Investors

When Albert Einstein created his ground-breaking theory of relativity, he would hardly have been thinking about real estate.

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( Posted in: Tax )

Have you made a capital gain this financial year?

Have you made a capital gain this financial year?

If you find yourself with a capital gain this year because you sold an investment property or some shares, it is time to take stock of your other investments and determine if now might be the right time to realise a capital loss. 

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( Posted in: Tax )

BIG tax breaks for Small Businesses

BIG tax breaks for Small Businesses

Some great news, - there is an increase to the aggregated turnover threshold to $10 million for access to small business tax concessions from 2016-17. 

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( Posted in: Tax )

PAYG Income Tax Withholding Variation

PAYG Income Tax Withholding Variation

Your employer is required to withhold tax during the year to cover your estimated tax liability from your employment income.

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( Posted in: Tax )

Estate Planning & Property

Estate Planning & Property

The transfer of property in accordance with the terms of a will or codicil is subject to stamp duty unless an exemption is available

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( Posted in: Property )