Investors could save on capital gains tax by selling after June 30,when the stage three tax cuts are slated to start.
Economically,practically and politically,nuclear just does not stack up for Australia with its clear blue skies and plentiful winds.
Real estate agents and home building companies always claim getting rid of the tax lurk would do great damage to renters and buyers alike. Don’t believe it.
About two-thirds of federal parliamentarians own two or more properties,an analysis of the declared interests shows.
As the Coalition argues the government cannot be trusted on income tax changes,independent MPS and a former Labor luminary are encouraging an examination of the entire tax system.
Evening out your spouse’s and your super balances can increase your pension eligibility,but there are other consequences to keep in mind.
If you’ve earmarked some money for a home renovation,it is likely to be assessed when calculating your pension.
Not only do they miss out on many tax concessions,young people are also getting slammed by “bracket creep” and soaring HECS debt.
While each small business owner’s situation will differ,all will need to factor in how time will play a role.
Many retirees should consider moving all their money out of superannuation as they get into their later years.
The fact that you have capital gains tax to pay means you’ve made a profitable investment. However,I understand wanting to reduce this liability further.