Here is your content, formatted for clarity and flow while keeping all original wording intact: The CGT exemption for land adjacent to a home The rules surrounding the circumstances in which a home will be fully exempt from capital … Read Full Story
Proposed Division 296 tax: Key issues and implications The proposed Division 296 tax, which is proposed to start on 1 July 2025, introduces an extra 15% tax on superannuation earnings above a $3 million super threshold. Everyone supports a … Read Full Story
Here is your content formatted only (no words or characters have been changed): Get on the front foot for your 2024-25 tax return Here are some more detailed tips relating to a couple of common claims that often attract … Read Full Story
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 things pan out). Likewise, you may have decided to … Read Full Story
When it comes to superannuation, many people assume that their retirement savings will go to their loved ones when they pass away. Sadly, this isn’t always the case. Unlike other assets that are covered by your will, your superannuation … Read Full Story
W hen 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 be young – and they may also be … Read Full Story
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 … Read Full Story
Good CGT 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 … Read Full Story
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 her porridge, it pays to get things just right. … Read Full Story
The Australian Taxation Office (ATO) has recently revised its guidance on differentiating between employees and independent contractors. This change follows several court rulings that clarified the criteria for determining whether a worker is genuinely an employee or an independent … Read Full Story