Subdividing the Family Home

Do you need to pay capital gains tax when you subdivide your family home from one block into two or more blocks ? Subdividing an original block into two or more blocks does not , in and of itself, lead to a capital gains tax event.  It is considered for capital gains tax purposes that… Read the rest of this article…

Hanging Out a Shingle — Why Every Business Must Have a Website

In days past, a doctor or lawyer would announce that they were going into business by literally hanging out a small sign on the side of there office. This became known as hanging out a shingle. In the modern business world, the website has become the virtual shingle—a website announces that a business is for… Read the rest of this article…

Renting the Family Home

In our global economy it is becoming more common for people to move once, twice or more during their lifetime.  Many of these people have purchased a home for them or their family and are concerned about the taxation implications if they move and then later on decide they want to sell. There are quite… Read the rest of this article…

Discretionary Trusts Roles of Parties

The popularity of discretionary trusts is largely due to their asset protection and family succession qualities. They also provide a wide range of taxation and other benefits to those who use them wisely.  This post is designed to set out the main roles in a discretionary trust obtained from Guardian Partners and how these roles… Read the rest of this article…

Cashing your Superannuation

Your superannuation interest is comprised of three components: Preserved Component – your super balance must either stay in your current fund or you can roll it into another eligible super fund. However, if you meet a condition of release this component changes into unrestricted non-preserved. You will need to provide your super fund trustee with… Read the rest of this article…

Superannuation ‘Cooper Review’

If adopted, the recommendations within the Cooper Review would see a major change to the way SMSFs were managed by Trustees and their advisers. On 29 April the panel appointed by the Australian Government to complete a Review into the Governance, Efficiency, Structure and Operation of the Australian Superannuation System issued a preliminary report titled… Read the rest of this article…