Choose a schedule which covers all scenarios Capital Gains Tax (CGT) has always been a complicated topic for property investors to understand. There are a number of exemptions which may apply, and this means that investors may not always be liable to pay CGT. Introduced on the 20th September 1985, CGT is the tax payable […]
I remember receiving my first pay packet. I rushed home and counted out the total, immediately putting some aside for spending, some for saving and unfortunately, some went to my parents for my first ‘rent’ payment. The act of handing money made me aware of how much I had at all times. The balance each […]
The ability to make ‘downsizer contributions’ effectively commenced on 1 July 2018, prompting the ATO to release further guidance with respect to this new superannuation contribution classification. This new measure will be of most assistance for individuals approaching retirement, where they dispose of their family home in an effort to ‘downsize’ and they want to […]
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