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CGT relief provisions for SMSFs

Self-managed super funds can access capital gains tax (CGT) relief to provide temporary relief from certain capital gains arising as a result of trustees complying with the super reforms commencing on 1 July 2017. The CGT relief provisions have been made available to preserve the income tax exemption for certain accrued

Claiming depreciation on investment property

Rental property investors have access to a range of tax strategies. One such strategy, which is often underutilized, is claiming depreciation as a tax deduction. Property expenses, such as depreciation and capital works expenditure, can be deducted over a number of years, adding to a significant return for property investors come

Reducing capital gains tax

Preparation is critical to minimising your capital gains tax at the end of the financial year. Capital gains tax (CGT) is the tax you pay on any capital gain made when you sell or otherwise dispose of an asset. CGT forms part of an individual's income tax; it is not a

Tax tips for property investors

The end of the financial year is a great time for property investors to take the opportunity to minimize their tax obligations. Claim travel expenses The cost of traveling to inspect a property, carry out maintenance, undertake repairs or collect the rent can be claimed as a tax deduction. Apportion expenses If your rental

Business Matters

The start of the New Year is generally a time to reflect on the previous year’s achievements and challenges and work towards setting new goals. New Year’s Resolutions for 2017 The New Year can offer business owners a powerful motivation for business growth. Whether you want to expand your business or increase

Making Sense of the Super Reforms

In the past two months, Senate has passed reforms which will represent the single biggest change to superannuation since its inception. While there has been some softening of the original Budget announcements, there are still some very big changes coming your way. As the majority of the reforms start from 1