Applying the “Retirement Exemption” in the CGT Small Business Concessions can be quite difficult – particularly where a company or trust makes the capital gain and the exemption is sought to be applied for the benefit of individual shareholders in the company or beneficiaries in the trust.
Is there CGT when a property inherited from a foreign resident is sold? Am I liable for CGT on a home I
inherited from a foreign resident when I sell it one year later? The following scenario demonstrates how the CGT rules work in this situation.
A new law will level up the playing field for divorcing couples to ensure
both partners have fair and equitable access to superannuation,
particularly during acrimonious family court proceedings.
The statewide lockdown has been confirmed until 70 per cent of Victorians have had at least one dose of vaccine – estimated to be around 23 September. The four-week business support payments confirmed today cover a four-week period ending on 30 September.Read more
When you’re faced with a complex or high-risk question in tax or super, briefing a barrister can provide you with the expertise and perspective to help you move towards a solution with confidence.
All members of a self-managed super fund (SMSF) must be individual trustees or directors of the fund’s corporate trustee. Anyone 18 years old or over can be a trustee or director of a super fund as long as they're not under a legal disability (such as mental incapacity) or a disqualified person.Read more