In the old days someone expecting to go bankrupt would separate from their spouse and transfer to that spouse all or most of their assets on the...
As you might have heard, land tax rates in Victoria have increased (again). The general tax of land tax for companies and individuals not acting...
Tax Tip 577: How to Earn $90,000 pa and pay just 4.8% tax From July 2024 a resident individual taxpayer will be able to earn up to $45,000 and...
Legal Tip 438: Should Super Death Benefits Pass to the Estate as a Default? When a super member dies their superannuation death benefits (what...
Setting up a discretionary trust is usually done by deed or by will. It is a serious endeavour as the trust can hold valuable assets and it can...
This one is not generally known to most tax advisors. I learned about it from @Mike A A minor with a disability can potentially receive income...
Legal Tip 436: A Stamp Duty Trap with Electronically Signed Trust Deeds It is now possible to have deeds signed electronically. But my advice to...
If a person is able to transfer a property to a special disability trust or SDT, the capital gain or capital loss on the disposal of the asset is...
Tax Tip 574: Are donations Received by ‘influencers’ Taxable Income? Many ‘influencers’ out there these days making money from various things...
Tax Tip 573: Can Trust B distribute to Trust B to soak up a loss It is a possibility. One Trust can distribute income to another trust. The...
Tax Tip 572: Converting Shares into a Smaller or Larger Parcel S 254H of the Corporations Act 2001 allows a company to convert its shares into a...
Tax Tip 571: 3 Properties CGT Free (or close) for an overlapping period? I have mentioned before that a property pregnant with CGT could have...
It is possible for the trustee of a deceased estate to buy a property to allow a beneficiary to reside in, and for the beneficiary to later move...
Tax Tip 569: New NSW Land Tax Thresholds For 2024 the general threshold for land tax is $1,075,000 – If your land, other than the PPOR is worth...
Tax Tip 568: “Intention” and the Main Residence CGT Exemption The main residence CGT exemption requires someone to move into the property as...
Tax Tip 567: Transferring Company shares to a Holding Company without CGT It is possible to insert a company between the shareholder and the...
Tax Tip 565: CGT Demolish the Main Residence Build a Duplex and later sell without moving in Main residence exemption cannot apply if you...
Tax Tip 565: Strategy-Live in Every Property you Buy initially If you live in a property and establish it as your main residence then you could...
Tax Tip 564: Using Unused Concessional Super Contributions to Reduce CGT This strategy needs advice from a financial advisor and tax advisor....
Tax Tip 563: Substitution of Security and Deductibility of Interest It can be possible to keep a loan open once the asset that was used as...
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