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...
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...
SMSFs give you more control over how you manage your super, by allowing you to choose where you invest your super benefit. They can be a great vehicle to take back control of your Super, but may not be right for everyone: SMSFs are best-suited to people with extensive knowledge of financial as well as legal matters....