As you would be aware the budget was handed down last night here in Federal Parliament. There have been a number of personal tax changes proposed along with some minor changes to superannuation (in comparison to last year). The National Tax & Accountants' Association (NTAA) has prepared this summary which is available on their website. Please do not hesitate to... More Information ▶
Government delivers stability in 2017-18 Federal Budget Stability and confidence for superannuation is the good news coming out of the 2017-18 Federal Budget. With SMSF members still working through the wide-reaching and complex superannuation changes of the last Budget which take effect from 1 July 2017, this Budget’s minimal changes will result in a period for members to ensure they... More Information ▶
Superannuation legislation proposed end of September 2016 have passed through both houses of parliament today. These make significant changes to the superannuation laws and do differ from the original changes announced in the Federal Budget in May 2016. The below changes will apply from 1 July 2017 so it might be sensible to for you to start thinking about how your... More Information ▶
As you would be aware the budget was handed down on 3 May 2016. The potential impacts to superannuation are unfortunately significant and harsher than was alluded to prior to budget night. What does it mean for your right now? The only change that is in place from 3 May 2016 is the introduction of a life time limit on... More Information ▶
A common strategy implemented by business clients is to buy a commercial property (usually the premises from which their business is run) via their SMSF and then lease this property back to the related party. Borrowings are often used to finance the acquisition. The complexity arises when the related party tenant wants to make changes or improvements to the property,... More Information ▶
