by Quinns_News | Sep 13, 2017 | 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...
by Quinns_News | Sep 6, 2017 | Blog
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...
by Quinns_News | Sep 6, 2017 | 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. How to Borrow to benefit your SMSF Depending on the type of property...
by Quinns_News | Sep 6, 2017 | 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...
by Quinns_News | Aug 29, 2017 | Blog
Your major asset is not your house, not your superannuation, not your car but your ability to earn an income. What is Income Protection Insurance? Income protection insurance insures your income. It replaces the income lost through your inability to work due to injury...
by Quinns_News | Aug 29, 2017 | 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. New Additions Breakdown The Regulation requires the following additional documents to be...
by Quinns_News | Aug 29, 2017 | 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. LSL accrues based on the employee’s...
by Quinns_News | Aug 23, 2017 | 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...
by Quinns_News | Aug 23, 2017 | Blog
The ATO has been active in data collection and data matching activities targeting areas of high non-compliance and high-risk revenue areas using industry comparisons or analysis of data on tax returns. If taxpayers are found to have understated their assessable income...
by Quinns_News | Aug 23, 2017 | Blog
An executor is an individual named in a Will to carry out the wishes of a person after they pass. It is important to choose the right executor as they are required to perform many important tasks, either themselves or by engaging professionals with the relevant...
