Tax & Structuring

Following the ATO’s claims that nine out of ten residential rental property investors who have been audited have been getting their returns wrong, it might be worth touching on some of the tax traps and pitfalls to be wary of. In no particular order, these include: Apportionment of rental income and deductions Where a rental [...]

Are you planning to maximise your superannuation contribution caps this financial year? If so, it’s crucial to get the timing right so your contribution is received by your superannuation fund in the current financial year. Lessons from a recent court case A recent court case[1] has confirmed that contributions are made on the date they [...]

With the temptation for homeowners to cash in on spiralling house prices around Australia, it is important to turn your mind to whether you may only have a partial CGT main residence exemption available to you, and not a full CGT exemption (because of the way you have used your home). And while it seems [...]

Many of us wonder about the best vehicle to use for our extra savings. Is it better to direct extra savings to your mortgage or superannuation? As with most financial decisions, there is no one-size-fits-all approach, as it depends on a number of factors for each individual. Paying off the mortgage The priority for most [...]

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 [...]