Want to defer capital gains tax for up to 2 years?
Deferring capital gains tax on small businesses for two years. Division 152 of the ITAA1997 allows certain small business further capital gains tax concessions, provided certain requirements are met. The requirements ar [...]
Selling property to your own super fund, see us FIRST!
Are you thinking of selling your business commercial premises into your super fund? The Western Australian Duties Act 2008 can allow for concessions of duty to be charged when moving / selling / transferring a commercial [...]
GOING GUARANTOR? A SIMPLE EXPLANATION OF YOUR OBLIGATIONS It is now a common requirement of banks / lenders that a guarantor signs to provide security to the bank / lender. It is further a requirement that the guarantor receive in [...]
Sale of Inherited Property – CGT exemptions
If certain conditions are met under the ITAA1997, its possible to receive a full CGT exemption when an individual sells an inherited property (property in this article refers to residential real property for example a property [...]
Family Trust Election
Making a family trust election to access losses and franking credits Special rules in the ITAA1936 restrict a trusts ability to utilise revenue losses (and debt reductions such as bad debts) unless the trust satisfies several test [...]