Many people may be able to save time and money on their tax return by gaining a better understanding of the Capital Gains Tax rules. It is widely known that... read more →
The disposal of a depreciating asset may incur capital gains tax (CGT) if the asset has been used for a nontaxable purpose (i.e. private purposes). However, there a number... read more →
Many taxpayers who rent out a room in their home, whether it be via Airbnb or another avenue, are unaware that the practice can incur capital gains tax (CGT). Many... read more →
The ATO is working with insurance companies to assess artworks and collectables owned by taxpayers and identify the owners of these kinds of assets. There has been an increasing concern... read more →
There are ways individuals can minimise CGT when transferring shares to their super fund. Individuals can transfer shares to an SMSF by completing an off-market transfer, also known as an... read more →
To prevent a hefty tax bill and maximise profit, careful planning is required. Owners need to be mindful of the small business CGT breaks available to them, as they can... read more →
Keeping valid and accurate records from the time you purchase your holiday retreat can pay off when it comes to selling the property and calculating CGT. Owners should not forget... read more →
One of the financial benefits of operating a home-based business, aside from not having to pay for commercial space rent, is being able to claim the costs of running that... read more →
Due to rising house prices, the humble granny flat has become a popular investment property strategy for homeowners and investors seeking to maximise returns on existing properties. However, there are... read more →
The end of financial year is a good time to think about your capital gains and losses for the year. Timing and planning are everything when it comes to minimising... read more →