Maximising Your CGT Discount: Why Timing Your Asset Sale Matters
Maximising Your CGT Discount: Why Timing Your Asset Sale Matters Delaying the sale may be worthwhile if you sell a CGT asset to qualify for the CGT discount. CGT assets include land, buildings, shares, rights and options, leases, units in a unit trust, goodwill, contractual rights, licences, foreign currency, cryptocurrency, and convertible notes. Under the […]
Superannuation downsizer: Boost your retirement savings by selling smart
Superannuation downsizer: Boost your retirement savings by selling smart Are you looking to boost your superannuation balance as you near retirement? Put simply, the downsizer contribution rules intend to allow older Aussies to sell their current home and use the proceeds to contribute to their super account. Starting 1 January 2023, new rules have lowered […]
Key concerns when selling a business in: A strategic guide for business owners
Key concerns when selling a business in: A strategic guide for business owners Selling a business is one of the most significant decisions a business owner will ever make. Whether a long-standing family operation or a recently scaled-up enterprise, the process requires detailed planning, expert advice, and a sharp understanding of the tax, legal, and […]
Turning your passion into profit? Stay tax-savvy!
Turning your passion into profit? Stay tax-savvy! With the rising cost of living, many Australians are diving into side hustles to earn extra income. Whether you’re freelancing, driving for a rideshare service, selling online, or creating content, it’s crucial to understand how this affects your taxes. Failing to declare income accurately can result in unexpected […]
Setting up a family trust is useful only at certain times
Setting up a family trust is useful only at certain times. Family trusts have been the subject of some public spats between Australia’s wealthiest families. But how do they work, and can anyone start a trust? The richest Australian, Gina Rinehart, has been embroiled in a lengthy court battle with her children over a family […]
