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Thin Capitalisation Rules: Managing your Business Strategy

. Category: Blog.

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.

Economic update – Spring 2017

. Category: Blog.

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 »

Foreign Resident Capital Gains Withholding (FRCGW) tax

. Category: Blog.

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 »

SMSF borrowing from related parties

. Category: Blog.

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.

Limiting deduction for plant and equipment in residential premises

. Category: Blog.

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 »

Update: Vendor Disclosure Requirement

. Category: Blog.

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)

. Category: Blog.

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.

Are you (or your children) saving frantically to buy your first home?

. Category: Blog.

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.