Growth & Wealth Management
Reading Room - Growth & Wealth Management
The Government has announced a temporary ban on investors buying established homes between 1 April 2025 to 31 March 2027 to curb foreign “land banking.”
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025. The transfer balance cap is indexed to the Consumer Price Index (CPI).
The Government has announced its intention to introduce mandatory standards for large superannuation funds to deliver timely and compassionate handling of death benefits
The ATO thinks wealthy babyboomers are planning and structuring to dispose of assets in a way in which may constitute tax avoidance.
We look at the tax consequences of inheriting property. Beyond the difficult task of dividing up assets, it’s essential to look at the tax consequences of how your assets will flow through to your beneficiaries.
Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO is looking closely at these assets to see if what has been declared in tax returns matches up.
The personal income tax cuts came into effect on 1 July 2024. At the same time, the superannuation guarantee (SG) rate increased by 0.5% to 11.5%.
A summary of the key changes coming into effect on 1 July 2024 including tax cuts to reduce personal income tax rates and change the thresholds and superannuation guarantee increases from 11% to 11.5%
The way in which trusts distribute income has come under intense scrutiny in recent years. Trust distribution arrangements need to be carefully considered before taking steps to appoint or distribute income to beneficiaries.
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Baulkham Hills, NSW 2153 Australia
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F: (02) 9899 1524
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