Small business lifetime cap
Are you a small business owner selling your business or disposing of an active business asset? If so, did you know you might be able…
Capital Gains Tax
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The tax treatment of cryptocurrency
Cryptocurrencies, once again surging in popularity, have a unique tax treatment that every taxpayer dealing with cryptocurrency should be aware of. It’s been more than…
5 tax tips for navigating the small business CGT concessions
1 AFFILIATESRemember your spouse and children’s birthdays…and that they are no longer automatically your affiliates. Whether a person is an “affiliate” is relevant in numerous small…
Real estate, CGT and timing
When you sell or otherwise dispose of real estate, the time of the event (when you make a capital gain or loss) is usually when…
Goal posts moved on vacant land and active assets
In 2007, the Administrative Appeals Tribunal (AAT) ruled that vacant land on which two shipping containers had been placed for storing business records did not…
Selling taxable Australian property? You may need a clearance certificate from the ATO
If an Australian resident is considering selling property, they should apply for an ATO clearance certificate. If a property vendor does not apply for a…