Australian tax law has strict regulations governing the debt-to-equity ratios of entities that have Australian and overseas operations. The purpose is to encourage a more equal allocation of income and debt in multinational companies and their associated entities.
Spring is finally here and it’s not just nature showing signs of growth; the Australian economy is also bearing fruit. Spring Economy: Most of the top 200 ASX-listed companies have now announced their results for the 2017 financial year and the overall report card is good. According to CommSec, 90 per cent of companies reporting… Read more »
The Foreign Resident Capital Gains Withholding (FRCGW) regime requires the purchaser of certain assets to withhold and remit to the ATO a portion of the purchase price on or before settlement, unless the vendor can demonstrate it was an Australian resident at the time that the transaction was entered into. The vendor can demonstrate himself… Read more »
Section 39 claim for compensation and items to include under section 55 under the Land Acquisition (Just Terms Compensation) Act 1991 (Act)
When you receive a proposed acquisition notice that your property is intended to be acquired by an acquiring authority (being a government or statutory body), you must act quickly to make a detailed and complete Section 39 claim for compensation which should include all aspects of your claim.
You are permitted to borrow money against your home loan or other financial resource to lend to your SMSF to help finance the purchase of an investment property within your superannuation fund.
In the 2017-18 Budget, the Government announced a package of measures designed to reduce pressure on housing affordability. As part of this package, the tax law is to be amended to improve the integrity of the tax system for deductions relating to investment properties by limiting deductions for property investors relating to the decline in… Read more »
Your major asset is not your house, not your superannuation, not your car but your ability to earn an income.
From 1 September 2017, the Conveyancing (Sale of Land) Regulation 2017 will come into effect. The Regulation introduces new disclosure requirements for sale of land Contracts.
Long service leave (LSL) is paid leave available to an employee who has worked continuously for the same employer over a long period (between 7 and 15 years depending on the LSL legislation applying where the employee works.
It is well documented that saving for your first property is challenging. From 1 July 2018, the First Home Savers Scheme will enable first-home buyers to save for a deposit inside their superannuation account, attracting the tax incentives and some of the earnings benefits of superannuation.