What Entity Should I Buy my Farm in?
While it might not seem important at the time, the choice of purchasing entity is critical.
Don’t sell yourself short on Capital Gains Tax
Choose a schedule which covers all scenarios Capital Gains Tax (CGT) has always been a complicated topic for property investors to understand...
Out of sight…Out of mind– Invisible Money
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 […]
ATO guidance regarding `downsizer contributions’
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 […]
The nitty-gritty of financial goal setting
There is plenty of advice out there about why you should save for your future, but little that explains exactly how. One of the problems when discussing wealth creation and retirement planning is that it usually involves words rather than numbers. People say they want to ‘build a retirement nest egg’ or ‘make sure I […]
What the super housing measures mean for SMSFs
The ATO has reminded members of SMSFs that they will be able to use their voluntary super contributions to assist with buying their first home, or to make a contribution into their super from the proceeds of the sale of their main residence (under changes passed by Parliament in December 2017). The First Home Super […]
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