A popular and common development strategy lands Dragan with an unexpected stamp duty bill Many developers are still unaware of this change. Are...
Welcome to 2020. Yes the first post for the New Year. Learn how a rollover went wrong for poor Chris and Elaine. Chris and Elaine are operating...
I wondered if any of the resident accounting experts might be able to assist, given my accountant is unavailable for an urgent question on Xmas...
hey guys, I am planning my first property development in the Moreland city council and I am still looking for A) accountant who specialises in...
The deferral of minimum yearly repayments and interest under Division 7A Once a Division 7A loan agreement is put in place, clients may be...
Lisa purchased a house and land on 1 July 2014 for $450,000. She moved into the property with her family immediately and used it as her main...
CONSTRUCTION ON VACANT LAND – MAIN RESIDENCE Apu purchased a vacant block of land on 1 July 2000 for $200,000. He built a house on the vacant...
The proposed amendments for limiting deductions for vacant land as part of Treasury Laws Amendment (2019 Tax Integrity and Other Measures No.1)...
New legislation is being proposed (it is a draft legilsation at this stage). Under this proposal all directors of companies registered under the...
Full Court of Federal Court has ruled in favour of the Benson Family Super Fund which leased its reaidential property to the daughter. Lease was...
All Hope the PC'ers find this useful. Bit of food for thought for those in business and with rental properties. Giving a little back to the...
Thats right. For all SMSF who have a member receiving an income stream from an SMSF you have until 1 July 2018 to report your balances. If you...
One of the requirements from 1 July 2018 is that a vendor must notify a purchaser in writing of certain matters in relation to that supply The...
recently had a discussion with a fellow colleague and they were telling me about a client who has a service trust which charges management fees to...
Residential property developers will face extra GST, cash flow restrictions, extra compliance and more conflict with purchasers under proposed...
@Paul@PFI and i have discussed this one. My reading of the Act is that if you entered into a contracr prior to May 2017 BUT the property was...
interesting one. Im not an App Developer but had a client who sells some Apps on the Apple App Store. Sales less than $75k BUT Apple apparently...
If an Australian Tax Resident purchases a property within Australia and they have borrowed funds from overseas then generally they need to...
Bill is registered for GST and is constructing a new development. During the development he has claimed a full input tax credit of $50,000 for...
So as Paul has mentioned quite a few changes to super once again. However a nice change is the removal of the 10% test. Previously you passed...
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