Discretionary Family Trust: Family Trust Election

A trust may elect to be treated as a family discretionary trust and be able to enjoy numerous tax benefits such as the ease of distributing trust income freely to any beneficiaries listed in the trust, more relaxed tests for claiming tax losses, the ability to inject...

Labor’s proposed tax changes explained

Last year, Shadow Treasurer Chris Bowen announced Labor’s view on tax reform and Budget repair. The opposition Labor Party has proposed a number of significant changes to the current tax arrangements. 1. Negative gearing Negative gearing refers to a situation where...

Changes to Strata & Community Title Schemes

Strata Title Scheme A strata title scheme is a building, or a collection of buildings, where the property that each individual owns is called a lot (for example, an apartment, villa or townhouse) and all the owners share ownership of and responsibility for the common...