When is a home exempt from CGT

By |2024-02-20T16:12:36+11:0020/04/2022|Categories: Blog, Taxation|Tags: , , |

Your home can be exempt from CGT providing it is your castle. You need to do a few things to make sure it meets the ATO The ATO considers several factors when determining if a dwelling is considered a client’s main residence. Various tests in relation to different factors to determine to see if you meet this test as your home. This may vary depending on the circumstances and it may be several factors. What makes a home regarded as your home and makes your home exempt from CGT? The main residence test for a dwelling is based on facts [...] READ MORE

Acting as an SMSF Trustee and incapacity!

By |2024-09-28T14:42:04+10:0015/04/2022|Categories: Estate Planning, SMSF|Tags: , , |

SMSF Trustee role needs to be considered in your Estate planning Acting as a SMSF Trustee and incapacity are crucial issues to consider in running an SMSF. Have you considered what happens when something goes wrong, and you  in a position to run your SMSF? Control is one of the main reasons many establish an SMSF. As an SMSF Trustee, you can control your own SMSF. You as the SMSF Trustee and member can control how the Funds' investments and the strategy on how and where. What happens if you can't do it anymore? What happens if things go [...] READ MORE

Weekly Newsletter April 7th

By |2022-04-13T03:37:59+10:0007/04/2022|Categories: News for you|Tags: , |

Super Guarantee Charge reminder. This is just a reminder that employers must meet their SGC obligations by the due date for the last quarter, which is  Thursday 28th April 2022. The date super has been paid is when the payment hits the employee's super account, not the date that an employer pays the super to the clearing account. In some circumstances, It can take several days for the employer's super contributions to clear through a super clearinghouse. Then it will be processed and recorded against the employee's account. We, therefore, recommend paying the employee super guarantee at least 5 working [...] READ MORE

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