CGT and Off the-plan purchases
If you buy a property in an off-the-plan purchase, there are some important CGT issues to be aware of – especially in the context that an off-the-plan purchase may not…
News
What happens if you don’t have a valid will?
What happens if you don’t have a valid will?
When someone passes away without a valid will, this is known as intestacy. In this situation, the law in each state and territory sets out a formula for how your…
The great wealth transfer: Are you ready?
The great wealth transfer: Are you ready?
Over the next few decades, Australia is expected to witness one of the biggest intergenerational wealth transfers in history with between $3.5 trillion and $5 trillion changing hands as baby…
Managing inherited investments: what you need to know
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…
Changes to deductibility of interest on ATO debts
Changes to deductibility of interest on ATO debts
An important reminder: Interest incurred in income years starting on or after 1 July will no longer be deductible, regardless of whether the debt relates to an earlier income year. However,…
New super facts and figures from 1 July 2025
New super facts and figures from 1 July 2025
If you’ve been keeping an eye on your super, you might be wondering whether the contribution limits are increasing this year. The answer is – not yet. Two key caps…
Selling shares? Beware of all the CGT rules!
Selling shares? Beware of all the CGT rules!
With Trump’s tariffs causing big sell downs on share markets around the world, it is important to understand a few key things about how capital gains (and capital losses) from…
The CGT exemption for land adjacent to a home
The CGT exemption for land adjacent to a home
The rules surrounding the circumstances in which a home will be fully exempt from capital gains tax (CGT) are quite extensive – and complex. One crucial one is that the…
Concessional Super Contributions vs Mortgage Paydown: What’s the smarter move?
Concessional Super Contributions vs Mortgage Paydown: What’s the smarter move?
If you have some extra cash, you might be deciding whether to make a concessional contribution to your super fund or use it to pay down your mortgage, whether on…
Small-scale subdivision and property development
Small-scale subdivision and property development
So, you have decided to knock down your home and to build a couple of townhouses instead – and maybe live in one (but will just wait and see how…
Writing a will in a tax-effective manner
Writing a will in a tax-effective manner
When a person writes a will they usually leave their assets to their children – and usually in equal shares. And when they first write their will their children may…
Concessional contributions: Can there be too much of a good thing?
Concessional contributions: Can there be too much of a good thing?
A fantastic way to grow your retirement savings and shrink your tax bill is through concessional contributions (CCs) to super. But more is not always better and like Goldilocks and…
Selling property? Buyers must withhold and pay the ATO!
Selling property? Buyers must withhold and pay the ATO!
If you're selling property in Australia and you're a foreign resident, there are important tax rules you need to know. Recent changes mean that buyers must withhold 15% of the…
Do you own an asset that is used in your spouse’s business?
Do you own an asset that is used in your spouse’s business?
Did you know that if you own an asset (eg, land or a factory or even a trademark) that someone else uses in carrying on a small business then you…
Self-managed super funds: A suitable path to retirement control?
Self-managed super funds: A suitable path to retirement control?
Self-Managed Super Funds (SMSFs) are a key part of Australia’s superannuation system, offering control over retirement savings. As of March 2025, about 650,000 SMSFs manage $1 trillion in assets –…
Beware of Bitcoin gains!
Beware of Bitcoin gains!
If you own Bitcoin, or any other crypto currency, you may have been the beneficiary of Donald Trump’s election as President last November – which saw Bitcoin prices jump by…
GST refresher for your business
GST refresher for your business
Most businesses are familiar with how GST works. But here’s a few reminders to make sure you’re being compliant and maximising your GST claims. GST is paid at each step…
ATO confirms tax deductibility of financial advice fees
ATO confirms tax deductibility of financial advice fees
The Australian Tax Office (ATO) has released new guidance (TD 2024/7) on when financial advice fees can be claimed as a tax deduction. Overall, the ATO has not changed its…
