Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption. – Tax and the family home.
With many new investors moving away from cash investments to seek greater return, the popularity in direct share investing has never been greater. This article summarises the tax responsibilities of a share investor and highlights some of the risks. A call to action to speak with a qualified adviser is also included. – Share investing: The tax basics.
With tax season almost upon us the Australian Taxation Office (ATO) has revealed its four areas of focus this tax season. This article covers, in depth, what these are. – Tax time targets.
Whether you’re nearing retirement, a high-income earner looking to reduce your taxable income, or you’re on a lower income and looking for ways to maximise your super contributions; there are a few things you can consider at tax time. Read this article to finish this financial year on the right foot – The EOFY is coming.
Property can be an exciting element to add to your investment portfolio. But aside from the initial purchase, what other ongoing expenses may you find yourself paying? And which of these expenses can you claim as a tax deduction? – What do I need to know before investing in property?
A series of reforms and changes will commence on 1 July 2022. What’s changing on 1 July 2022?