It is most likely Labour will let stage 3 tax cuts go through from FY 2024-25. Apart from Albanese and Chalmers today Tony Burke also confirmed...
I was listening to a podcast on Melissa Caddick – the Sydney Fraudster who ripped off millions to buy handbags and jewellery and apparently she...
I am seeking general advice on the next step of my strategy. At the moment, I am in a higher tax bracket (47%) than my wife (37%). We have...
hi all, i'm wanting to hold out ideally from a property purchase in nsw/vic for a year or two due to current market conditions and was wanting...
Hello everyone, I've been researching a bit, and it looks like owning a property in Australia while being absent from the country is a bit of a...
My husband used to get reimbursed by employer straight to his bank account if he used our money to pay for work expenses. The last item he paid...
Hi, I am a self funded retiree. I was medically retired in my 40's and received a one-off lump-sum settlement. Part of my healing process was to...
Have a quick question for you tax boffins out there: Say in the FY, I receive: $60,000 in rents (AFTER expenses) ie net rent pre tax $60,000 in...
I have been on the very edge of bankruptcy for several years now. Covid just stalled it for an extra year. I would like to file in the next...
Hello all I am after some (very) general advice regarding the following scenario. Currently I have a family home worth approx $850k (fully paid...
I got myself equity locked with some properties in NZ. Two properties are unencumbered and because I'm not working I can't access any of the...
Does anyone know whether the government has made any announcements for a deferral and reduction in land tax payments and income tax? Also , the...
Minor children have different tax rates to adults for income that is passive – such as investment income or income received from a trust. Minor...
Hello My partner works for a US company and received a small number of vested shares since a few years ago and already sold them recently Would...
I'm wondering what are the best legal ways to get tax deductions on my IPs. I've read through many of the threads on here and many things on RE...
Hey all, Quick query: Just wondering if title insurance (i.e. what you can buy when you purchase a property and it lasts for your entire...
Some investors end up selling a property or shares at a loss. They may have borrowed to acquire the property or shares but the sale proceeds may...
It is not often that you use the words ‘pleasure’ and ‘tax’ in the same sentence, but if you had a choice of income tax or Capital Gains Tax (CGT)...
For the 2018 to 2019 tax year the tax free threshold for resident taxpayer individuals is $18,200 per year in taxable income. That means earning...
We have seen that it can be possible for a discretionary trust to distribute income to a SMSF if the SMSF is a beneficiary of the trust. See my...
Separate names with a comma.
