Property investors are in the ATO’s sights,with nine out of 10 landlords getting their tax returns wrong.
Death does not trigger capital gains tax,but it still may be advantageous to pass on your portfolio before your death.
If you want to transfer shares to your kids,you should sit down with your accountant and work out what shares could be sold to minimise your tax liability.
The Albanese government has started a debate about tax concessions around superannuation. But there are more than 300 in our tax system.
There are signs that if Treasurer Jim Chalmers can manoeuvre the superannuation changes through parliament without losing more political paint,further reform could be on the agenda.
Peter Dutton vowed to repeal the government’s change to superannuation tax while Anthony Albanese ruled out any future changes to another expensive tax concession.
Labor is close to a deal to double taxes on funds above $3 million,but will give voters a chance to veto what the Coalition says is a breach of trust.
A report shows the total cost of concessions around super will be worth almost $51 billion this financial year,with the bulk of the tax breaks flowing to high-income earners.
The Reserve Bank is expected to lift interest rates at its first meeting of the year next week. The prime minister believes pressure on rate hikes may be easing.
Organising your inheritance through a Special Disability Trust can be complex and restrictive.
Booming property prices during the pandemic has meant some sellers will be slugged with unexpectedly large tax bills.