New CGT Property Withholding Rules

New CGT Property Withholding Rules

Property buyers become collectors of real estate tax after 1st July 2016 New withholding rules on the sale of property by foreign residents have been introduced, turning purchasers into tax collectors. The new tax rules apply where real property contracts are entered...
Last Minute Tax Planning Tactics

Last Minute Tax Planning Tactics

Better late than never! As the end of the financial year draws near it’s time to think about what strategies you can adopt to avoid paying more tax than is necessary for the 2015-16 year. This is simply a list of possibilities to direct your thinking and not all...
Building A New Home And CGT Exemption

Building A New Home And CGT Exemption

ATO Laws regarding capital gains tax conditions and exemptions relating to your main residence can be confusing. This article aims to eliminate the confusion. CGT Main residence exemption Main residence CGT (Capital Gains Tax) exemption can be extended to cover the...
Salary Packaging For Your Employees

Salary Packaging For Your Employees

What is salary packaging? Salary packaging is a tactic for an organisation to increase the take-home pay of its employees — and if done correctly, at no extra cost to the business but with a tax advantage to the employee. Basically, an employee agrees with their...