tax-news

Investing In Overseas Rental Property

Investing In Overseas Rental Property April 4, 2013 Australian residents who invest an overseas rental property are assessed on that rental income i...

Compliance Lodgment Dates: 1 April 2013 to 30 June 2013

March 12, 2013 Please find below some important dates relating to your lodgment and compliance obligations arising in the period 1 April 2013 to 30...

Borrowing and SMSF

A self-managed superannuation fund (SMSF) is generally prohibited from borrowing money. However, in limited circumstances, the borrowing is allowed wh...

Discretionary Trusts – How Are They Taxed?

There has been a lot written in the press lately about a certain events examined by the ICAC. It has been noted that various members of a particular ...

How To Pay Zero Tax On Earnings of Self Managed Superannuation Funds (“SMSF”)

How To Pay Zero Tax On Earnings of Self-Managed Superannuation Funds (“SMSF”) ...

Tax Implication of Christmas Parties and Christmas Gifts

The weather is warming up. The Christmas decorations are adorning the shops. The festive season is in the air. It’s that time of the year again when...

CGT Property Exemption

Main Residence Exemption Most people are aware that you generally do not need to pay capital gains tax (“CGT”) when you sell a property you occ...

Property Investment and Tax Tips for Five Dock Investors

Here are some tips to help property investors prepare for the lodgement of their tax returns. Documentation Gathering and retaining all necessar...

Changes To Director Penalty Regime

Legislation has recently been passed to increase the scope of the director penalty regime. The changes were intended to address fraudulent phoenix ac...