Capital Gains Tax Issues for Deceased Estates

It is prudent for testators, executors and beneficiaries to be aware of the Capital Gains Tax (“CGT”) implications for deceased Estates. Effective tax planning can have a significant bearing on the amount of tax paid by the Estate and/or beneficiaries. What is CGT?...

Federal Budget Summary 2017-18

On 9 May 2017, the Treasurer, Mr Scott Morrison, handed down his second Federal Budget. The Budget focuses on gradually returning to surplus over the medium term. It contains significant changes for small businesses, superannuation and the property market. Budget...

The merits of investing in insurance bonds

Breaking down Non Concessional Contributions In the latest superannuation changes the government has made amendments to Non Concessional Contributions (N.C.C.) to superannuation funds. Non Concessional Contributions (N.C.C.) are those contributions that we make to our...

Options to purchase land – risks and rewards

Property Purchasing Entering into an option to purchase property is a good way for individuals and developers to purchase property at an agreed price in the future in the hope that the property price increases, whether by market forces or by making rezoning and...

ATO Payment Arrangements

It is understandable that occasionally it may not be possible to meet your tax obligations on time because of financial or other difficulties. As a first step, it is important to know how much you owe so you can manage your tax obligations. If you’re having difficulty...