The ATO has released some of the key super thresholds for the 2019/20 financial year.
CGT
Over 100,000 expats could be affected by proposed CGT change
A knee-jerk reaction from the Federal Government could affect over 100,000 Australians residing overseas, says expat adviser.
How does an SMSF buy a property?
There are a lot of considerations about buying property as an investment and the complexities increase when the purchaser is an SMSF.
Comment on CGT review of main resident exemption for non-residents
Given the recent Liberal leadership spill, perhaps it’s wise to revisit the scrapping of the Capital Gains Tax (CGT) main resident exemption for non-residents.
Airbnb is a good earner but what about the CGT?
Airbnb can create extra income for you and your family, however this can cause some adverse tax consequences.
Calls to review taxation of family trusts unfounded, according to industry lawyer
“Whatever real tax ‘loopholes’ that previously might have existed in relation to the use of family trusts are well and truly gone,” says Brian Hor from Townsends. Calls for family trusts to pay full capital gains tax amid estimates that revenue leakage associated with such trusts tops $1 billion a year are misguided, according to […]