Margin scheme and GST

The margin scheme is a way of working out the GST one must pay while selling a property as part of a business. The margin scheme can only be applied if the sale of the property is a taxable supply. Margin Scheme Details Whether you can use the margin scheme depends on...

The importance of dividends

The ASX 200 index at 31 May 2015 was 5,777 at 31 May 2017, two years later it was 5,724. So in two years the market has not improved, in fact it has declined by 53 points. Dividends Nonetheless, Blue Chip companies continue to pay healthy dividends, and those healthy...

Phoenix Companies under scrutiny

Phoenix companies are now the target of a coordinated interagency taskforce between the NSW Office of State Revenue and other state revenue bodies and the Australian Taxation Office. What is a Phoenix Company? A phoenix company is where a new company is created or...

Rights to See the Will

Will Rights Often people ask us to assist in accessing a copy of a Will of a deceased relative when the holder of the Will is refusing to provide it. In NSW, section 54 of the Succession Act 2006 details those who are legally able to inspect the Will of the deceased....