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Tax Planning – Is It Important?
The Importance of Tax Planning to Get the Most Out of Your Tax Return Being hit with a tax bill, especially if it is higher than what you expected isn’t fun and being expected to pay it in 2 weeks is even worse. This is one of the main reasons why tax planning is...
How to get the most out of your Property Tax Deductions
The purchase of an investment property will be one of the biggest decisions of your life, both emotionally & monetary. Once purchased you can maximise your claim and get the most out of tax deductions. It is therefore imperative that you get it right! There are so...
When do you Pay Capital Gains Tax on Investment Property?
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 and you...
Are You Meeting Your General Duties as an SMSF Trustee?
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...
What is A Sole Purpose Test?
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...
SMSF Investment Strategy
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...
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