Small business energy incentive
A little known tax incentive that is aimed at encouraging businesses to improve energy efficiency is the small business energy incentive (SBEI). You will have…
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CGT & foreign residents: Complex rules apply!
A person who is not a resident of Australia for tax purposes is nevertheless liable for capital gains tax (CGT) on certain assets located in…
Selling a small business operated through a company: Sell the shares or sell the assets?
If you run a small business through a company and you decide to sell it, you have the choice of either selling the business assets…
The importance of “Tax Residency”
Whether you are a resident of Australia or non-resident of Australia for tax purposes has significant consequences for you. Primarily, if you are a resident…
Newsletter – August 2024
Click here for a pdf version of this article. The importance of “Tax Residency” Whether you are a resident of Australia or non-resident of Australia…
Can I add to my super pension?
A common question that is often asked is whether amounts can be added to a superannuation pension account once it has commenced. The short answer…
A fine line between property development and “merely realising an asset”
There can often be a fine line between whether a person is carrying on property development activities or is “merely realising an asset”. For example,…
Using the building concession for major renovations
There is no better way to exploit the CGT main residence provisions to increase the value of your home than by using the “building concession”…
CGT main residence exemption concessions are very useful
Probably the most overlooked reason for the housing affordability crisis in Australia at the moment is the capital gains tax (CGT) exemption for a person’s…