Is ‘downsizing’ worth it?
From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent…
The ATO’s final position on risky trust distributions
The ATO has released its final position on how it will apply some integrity rules dealing with trust distributions –…
How high will interest rates go?
Low interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed…
To cut or not to cut? Stage three personal tax cuts
In September, amid a climate of startling interest rates, UK Chancellor Kwasi Kwarteng announced a series of tax cuts, including…
Acquiring collectibles inside your SMSF
Clients with self-managed superannuation funds (SMSF) often ask what assets the SMSF can acquire. ‘Why’? The golden rule for acquiring…
Tax reprieve for double taxation of Indian technical support
The tax system currently allows Australia to tax payments made by an Australian customer about technical services provided by an…