by minamakar | Dec 21, 2020 | December 2020, Uncategorized
Receiving an inheritance is always welcome, but people often forget the tax man will take a keen interest in their good fortune. When ownership of an asset is transferred, it triggers a capital gain or loss with potential tax implications. So what are the tax rules...
by minamakar | Dec 21, 2020 | December 2020
Negatively gearing an investment property is viewed by many Australians as a tax effective way to get ahead. According to Treasury, more than 1.9 million people earned rental income in 2012-13 and of those about 1.3 million reported a net rental loss. So it was no...
by minamakar | Nov 23, 2020 | Uncategorized
Family trusts have stood the test of time as a means of protecting family and business wealth, and managing the distribution of trust income in a tax-effective way. But the misuse of these tax benefits by a small minority periodically puts trusts in the firing line of...
by minamakar | Nov 23, 2020 | November 2020, Uncategorized
Recent changes to the rules around voluntary superannuation contributions which impact the amount you can transfer into a super pension account, have meant that many older Australians are considering setting up a family trust. Trusts can be an effective way for...
by minamakar | Nov 5, 2020 | November 2020
With almost 4 million Australians making work-related car expense claims, the Australian Tax Office has the practice in its headlights. Not only are they on the lookout for people wrongly claiming, but they are also armed with enhanced technology to check these...
