The Labor Party seems to have rattled the Government with the release of its policy on taxation of property and it seems to be the first time under Malcolm Turnbull the Government seem a little uncomfortable… Proposed policy: Negative gearing will be...
The current Government are talking about changes to Superannuation… Every Government in power considers changes to Super as there are some juicy tax concessions which if altered would provide the Treasury with substantial tax revenue; this flows into budget...
Duty on the transfer of business assets or a declaration of trust over ‘business assets’ (other than land) will be abolished from 1 July 2016. This duty is a signifigant transaction cost and can prevent a transaction; see the below example. NSW is...
From 1 July 2016 mortgage duty will be abolished. NSW is abolishing many duties and charges to make the State a better and less complex jurisdiction to do business in. Most other States have already abolished similar duties and charges. Duties like this have long been...
There has been a growing trend of acquiring property (usually residential) in SMSF’s and limited recourse borrowing can in assist in the acquisition; this is a loan that is secured on a single asset (property), where the lender has no right of recovery against...
Entities engaged in Research & Development activities may be eligible for: – 45% tax credit; effectively a 150% tax deduction for entities under $20m turnover – 38.5% non...
