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If you have had rental or commercial property damaged by recent summer storms (or bushfires or floods), you may have received an insurance payout to cover the damage. You may be surprised to know that this payout is subject to capital gains tax (CGT) on the basis that it arises from your right to seek [...]

The NSW state government is attempting to help with the housing affordability crisis by making areas around train stations and shopping centers eligible for rezoning for denser development. It will be important to see your tax adviser if you receive a generous offer from a property developer for your home (or rental property) as a [...]

If you own a family company, then it is very important how you receive and treat any payments made from the company to you (or your associates – for example, your spouse). This is simply because any payment from a company (other than a return of the original capital) is, in most cases, prima facie [...]

What happens from a tax point of view when a person leaves Australia part-way through the income year? How is the income they derived before that time taxed? And how is any income they derived after that time taxed (whether from Australian or foreign sources)? Well, the answer will primarily depend on whether the person [...]

With the end of the financial year fast approaching, now is a great time to boost your superannuation savings and potentially save on tax. Below are six superannuation strategies to consider before 30 June 2024. Tip 1 – Use the carry forward concessional contribution rules If you want to make up for lost time and [...]

When you’re faced with a complex or high-risk question in tax or super, briefing a barrister can provide you with the expertise and perspective to help you move towards a solution with confidence. Barristers (who are also referred to as “counsel”) are independent specialists in court work and legal advice. There are specialist barristers across [...]