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Foreign Investors and Residential Property

Foreign Investors and Residential Property

With the government encouraging the return of foreign investors to Australia and the gradual reopening of international borders, many foreign workers and investors may soon be making their way onto Australian shores. One of the main things they may be considering is participating in the great Australian dream of home ownership. However, for a foreign resident, there are several steps to take.
Category: News
SMSFs And Property. What Are The Rules?

SMSFs And Property. What Are The Rules?

With the property market hitting all-time highs in 2021, interest in investing in direct property through your SMSF has never been higher.
In the September 2021 quarter, Australia’s SMSFs had almost $88 billion invested in non-residential real property, with another $47 billion in residential real property.
But before you join the trend and start adding property investments to your SMSF, there are some important rules you need to be aware of.
Category: News
Natural Love and Affection Commercial Debt Forgiveness

Natural Love and Affection Commercial Debt Forgiveness

The ATO has recently finalised its stance on the issue of commercial debt forgiveness, in particular the natural love and affection exclusion. A commercial debt is any debt where interest payable is deductible, or would be deductible if interest were payable, but for certain statutory restrictions. Under this definition, investments that are securities and equity for debt swaps could be included.
Category: News
A Super Window of Opportunity

A Super Window of Opportunity

New rules coming into force on July 1 will create opportunities for older Australians to boost their retirement savings and younger Australians to build a home deposit, all within the tax-efficient superannuation system.
Category: News
Temporary Full Expensing of Assets Extended

Temporary Full Expensing of Assets Extended

The temporary full expensing of depreciating assets has been extended for another year until 30 June 2023. The measure was originally introduced in 2020 as a part of the Federal government’s COVID-19 business rescue package aimed at encouraging business investment by providing a cash flow benefit. As originally introduced, the measure was due to end on 30 June 2022.
Category: News
Last Chance to Claim the Loss Carry Back

Last Chance to Claim the Loss Carry Back

Eligible businesses will have one last chance in their 2021-22 tax return to claim the loss carry back, which provides a refundable tax offset to reduce tax liabilities. Those businesses that have an early balancer substituted account period (SAP) for the 2021-22 income year are eligible to claim the loss carry back offset before 1 July 2022.
Category: News
Get Your SMSF Ready For 30 June

Get Your SMSF Ready For 30 June

With the end of the financial year (EOFY) just around the corner, it’s important to ensure your SMSF meets its compliance obligations.
The rules around SMSFs are strict and if you don’t do things the right way, your fund could end up paying extra tax. Worse still, it could find itself declared non-compliant.
Here’s some of the key tasks trustees need to complete prior to 30 June 2022.
Category: News
Avoid the Rush Get Ready for June 30

Avoid the Rush Get Ready for June 30

It seems like June 30 rolls around quicker every year, so why wait until the last minute to get your personal finances in order?

With all the uncertainty and special support measures of the past two years, it’s possible your finances have changed for better, or for worse. So it’s a good idea to ensure you’re on track for the upcoming end-of-financial-year (EOFY).
Starting early is essential if you want to make the most of the opportunities on offer when it comes to your super and tax affairs.

Category: News
Articles 1 to 10 of 154