So, what do the Budget changes to negative gearing mean to you if you own a residential investment property? About this newsletter Welcome to the pscube client information newsletter, your monthly tax and super update keeping you on top … Read Full Story
No super changes were announced in this Budget. Keep in mind that from 1 July already legislated changes such as the Division 296 tax on balances above $3m and Pay day super start. So “no new changes” doesn’t mean … Read Full Story
BUDGET MEASURE: A new $250 permanent tax offset for income from work, from the 2027–28 income year, lifting the effective tax-free threshold to $19,985 (or $24,985 with LITO). Key points The impact of this measure is to effectively increase … Read Full Story
BUDGET MEASURE: The $20,000 instant asset write-off will be permanently extended for small businesses with aggregated turnover under $10 million. It will apply to eligible assets first used or installed ready for use from 1 July 2026. Our analysis … Read Full Story
BUDGET MEASURE: From 1 July 2027, the 50% CGT discount is replaced with cost base indexation plus a 30% minimum tax on real gains. Applies to all CGT assets including pre-1985 assets, with gains accrued before 1 July 2027 … Read Full Story
BUDGET MEASURE: From 1 July 2027, losses on established residential property acquired after 7:30pm AEST 12 May 2026 can only be deducted against rental or residential property capital gains income. Properties held (or under contract) before that time are … Read Full Story
On 12 May 2026, the Federal Government delivered its fifth Budget. It was one of the most dramatic and significant budgets in decades. Among other things, it announced that negative gearing would be abolished for property purchased after 1 … Read Full Story
With the end of the financial year coming up, now’s a great time to get on top of your tax and super. A little planning before 30 June can help you make the most of any opportunities to reduce … Read Full Story
If you’ve turned 67 and want to top up your super and claim a tax deduction for doing so, there’s one extra hurdle to clear: the work test. It’s a simple requirement, but it catches people out, so it’s … Read Full Story
There was a recent case before the Federal Court which had to deal with the issue of when is an asset acquired for CGT purposes when an option is exercised to acquire it. Is it at the time the … Read Full Story
Melbourne - Tower 4, Collins Square, Level 17,
727 Collins St, Docklands VIC 3008
Bundoora - Suite 105, Level 1, 12 Ormond Blvd,
Bundoora, VIC 3083
info@pscube.com.au
All Rights Reserved @ 2019 PS Cube.