SMSF stats just keep getting better
The ATO has recently released the latest of what has become a regular update on the state of the SMSF market. The Self-managed super fund…
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Read MoreSMSF stats just keep getting better
Are those investment returns on revenue or capital account?
Investment returns can be on revenue or capital account. Similarly investment expenditure could also be on revenue or capital account. The distinction between revenue and…
Share trader or investor, and trading stock versus capital asset
Investment products may be held as trading stock by a taxpayer carrying on a business of share trading or options trading. However, whether a particular…
Trip-ups on the road to a small business CGT concession
The CGT relief concessions that are available to small businesses can be very generous. However they can also be complex and confusing, so knowing a…
Client Newsletter – September 2017
Click here for a pdf version of this article. Look before you leap: the small business CGT concessions The CGT relief concessions that are available…
Regulatory Roundup – September 2017
Deduction for association subscriptions — eligibility can endure into retirement Many professional, business or trades people are members of an association, and during their working…
“Dividend washing” arrangements
The law contains an integrity measure to prevent sharemarket investors from engaging in “dividend washing”. Dividend washing results in two sets of franking credits being…
Tax deductions specifically for SMSFs
One overarching fundamental that SMSF trustees should ideally keep in mind is the sole purpose test — that is, every decision made and action taken…
Child death benefit recipients and the transfer cap
The death of a parent is hard on all those involved, however once the grieving has eased, a time comes to address financial matters. One…