by Financially Sorted | Feb 28, 2022 | Construction, Housing Prices, Land Tax, Property Investment
Basically, if you buy any investment, including a property, and sell it for another price, the difference between the amounts is your capital gain or capital loss. If you receive more for your property than what you paid for it, you’ll have made a capital gain...
by Financially Sorted | Feb 21, 2022 | Finance, SMSF, Superannuation
General duties as an SMSF trustee Your duties and responsibilities of being an SMSF trustee are serious and shouldn’t be taken lightly. The penalties can be quite onerous if breaches occur. To know your general duties as an SMSF trustee is essential. Even though...
by Financially Sorted | Feb 16, 2022 | Finance, SMSF, Superannuation
Sole purpose test – What Does This Mean? Your SMSF needs to meet the sole purpose test to be eligible for the tax concessions normally available to super funds. This means your fund needs to be maintained for the sole purpose of providing retirement benefits to your...
by Financially Sorted | Feb 16, 2022 | Finance, SMSF, Superannuation
Your self-managed superannuation fund (SMSF) investment strategy Every SMSF must have an investment strategy. For the start of this new year, it is always good to look at what your investment goals are. What is an Investment Strategy? Your investment strategy...
by Financially Sorted | Feb 1, 2022 | Business, Business Support, Finance
The benefits of defining your business goals If you are not proactive and you don’t take ownership, it means that you effectively give up control of the direction of your business. You are then at the whim of the economy, the business environment and the decisions of...
