Latest News | Hughes O’Dea Corredig

Jan / Feb 2018 – Practice Update

Further ‘affordable housing’ measures passed Parliament has passed the legislation allowing first home buyers to save for a deposit inside superannuation through the First Home Super Saver Scheme (FHSSS), and also allowing older Australians to ‘downsize’ and then contribute the proceeds of the sale of their family home into superannuation. From 1 July 2018, a...

December 2017 – Practice Update

December 2017 – Practice Update Tax legislation passed The Government has passed changes to the tax legislation that will limit, or deny, deductions for travel expenses and depreciation claims for certain residential premises. Legislation to impose vacancy fees on foreign acquisitions of residential land has also been passed. ATO relief for SMSFs reporting ‘transfer balance...

Thinking of investing in property? Consider the pros and cons.

Property investment is often seen as less risky than other types of investment, but there’s still plenty to consider. A diversified investment portfolio is a good way to maximise returns and balance risk exposure. Once you have a property in mind, consider what income you expect to receive from it, as well as what your...