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If you carry on a business—small or large—the question of which business structure to use always arises—and not just from when you start that business, but also during its operation when it may be beneficial to change from one structure to another. Essentially, there are four major ways in which you can carry on a [...]

Superannuation laws have been simplified over recent years to allow older Australians more flexibility to top up their superannuation. Below is a summary of what you need to know when it comes to making superannuation contributions. Adding to super The two main types of contributions that can be made to superannuation are called concessional contributions [...]

With apparently at least one in three marriages ending in divorce—and with countless more defacto relationships breaking down—the capital gains tax (CGT) roll-over provisions for “marriage and relationship breakdowns” have assumed increasing relevance. These rules provide for the “roll-over” of any capital gain on the transfer of assets between the separating parties so that there [...]

It seems that “debt recycling” is the favour of the month among financial advisors (and some financial institutions too). And if you do a Google search for the term you find that it is being quite heavily marketed. It is being marketed as an easy way to convert non-deductible home loan interest into deductible investment [...]

A question that often gets asked is who can set up an SMSF together. The rules The answer is practically anyone can set up an SMSF together. You can have up to six people in an SMSF, and they’re often family members. The most common setup is you and your partner running the fund together, [...]

If you have lived in Australia for many years and bought yourself a home here but decide to leave and go and live elsewhere, and you wish to sell your home, you should do so before you leave Australia. Otherwise, if you sell your home after you have left Australia (and have become a foreign [...]