Capital gains tax: How good records can save you money
Congratulations! Your investment has done well, and you’re cashing in. You’re happy, and so too is the ATO. That substantial capital gain has brought wealth and a hefty tax bill. Sharing might be part of the deal but when it comes to your hard-earned profits, you might prefer to keep the ATO’s share to a […]
March 2025 Newsletter
Welcome to this month’s edition of our client newsletter. In this issue, we explore salary sacrifice vs personal deductible superannuation contributions – both valuable strategies, but which one is right for you? We break down the key differences and factors to consider, such as employment status, cash flow, and flexibility needs. We also highlight important tax considerations for […]
Managing inherited investments: what you need to know
When it comes to inheritances, one key fact to understand is that Australia has no death duties – meaning there are no taxes on a deceased person’s estate based on the value of their assets at the time of death. Rather, we have a form of “roll-over” whereby there is no taxation of the assets […]
Inheriting a home – and then living in it
Most people know that if you inherit a person’s home and sell it within two years of their death, it can be exempt from capital gains tax (CGT). However, there is another way to get a full CGT exemption on an inherited home—if a “relevant” person occupies it as their home from the time of […]
February 2025 Newsletter
As we settle into 2025, it’s the perfect time to stay informed about key tax, financial and superannuation changes that could impact you. This month’s newsletter is packed with insights to help you navigate the year ahead. First, we break down seven key superannuation changes coming in 2025. Super is a long-term investment, and even […]
Downsizer Super Contributions: Dispelling three myths
Introduction Downsizer super rules allow people aged 55 and over who sell their home to contribute up to $300,000 into super. The rules say that you can be too young to make the contribution, but you can never be too old. This is why people who usually can’t make contributions due to their age love […]
Interest deductibility and investment properties
With interest rates remaining stubbornly high, and some property investors bailing out altogether, others are taking steps to refinance their debt in order to secure a lower rate and obtain better terms. Before deciding to go down the refinancing route there are broader financial issues to weigh up and you may need to seek separate […]
Gifting: Will Centrelink reward your generosity?
Did you know that about 60%[1] of people aged 67 and over receive an age pension? Some of these pensioners don’t receive a full pension. This is because Centrelink looks at your wealth based on your income and assets and if either exceed set limits they reduce your pension. Gifting assets will make you poorer […]
December 2024 Newsletter
This month’s newsletter is packed with helpful articles for the festive season and beyond. As year-end celebrations approach, our first article explains the tax rules around Christmas expenses for business owners. We cover FBT, GST credits, and what’s tax deductible, so you can avoid any surprises. Next, we explore claiming self-education expenses. While these costs […]