Property ownerships structures Capital gains tax and land tax calculations Downsizing contributions to superannuation Life insurance and income protection strategies We will assist you every step of the way to increase your knowledge through education and maximise your opportunities through tailored strategies...
In the American state of Rhode Island, artists can be exempted from state tax on income from the sale of their work. Also, to encourage the creation of cultural hubs, the American state of Maryland provides developers property tax exemptions for the renovation or construction of space for ...
Topic 6 Capital Gains Tax (CGT) 1. The net capital gain is assessable under s. 102-5(1). 2. Meaning of CGT asset S. 108-5(2): a. Part of, or an interest in, any kind of property or legal right. b. Goodwill c. An interest in an asset of a partnership. d. Partnership in...
What are Capital Gains considerations upon a sale and what are some state tax obligations? In this session, we will explore these questions plus many more. In the second of our Australian Advice Series, you are invited to join us on a live webinar with Jamie Towers, Partner ...
Relevance AI has been very successful in raising startup funding, with its most recent funding round being aAU$15 MillionSeries A that took place in December 2023. This funding round was led by King River Capital and will allow Relevance AI to improve its no-code AI solutions and add more...
More hide than Jessie the Elephant. The one-sided tax change was their own election commitment, matching the LNP. Even after the fix, most middle income earners paid higher taxes than when the government was elected because of the scrapping of LMITO ...
September 04 2024 100th episode special: Peter Burgess on the glimmer of hope for $3m super tax changes August 21 2024 View all Most Viewed Today Unrealised capital gains are already taxed in Australia, claims ... Court ruling shows SMSF assets can be safe from personal admin issues ...
Property sale tax (Grunderwerbsteuer) of between 3.5–6.5% Notary fees, which are usually around 1.2–1.5% depending on the specifics of your purchase Registration fees at 0.8–1.2% Estate agent commission/fee (Maklergebühr) usually from 1.5 - 3% but can go as high as 7.14% depending on...
a receipt that substitutes for it will also be ordinary income under s. 6-5. FCT v Dixon Receipts generally not considered as ordinary income include capital, windfall gains, hobby receipts and mutual receipts. Purely gift from friend or family cannot be treated as ordinary income. FCT v Harr...
For instance, generous tax breaks for property investors are a direct result of lobbying from the real estate sector, further driving up housing costs for ordinary Australians. Impact on Policymaking The revolving door between political figures and corporate executives solidifies this relationship. High...