Walking away from a business you built is never simple, but the right strategy can turn the sale into a financial advantage. Australia’s small business CGT tax concessions are among the most generous and may significantly reduce or even eliminate capital gains tax.
Quite often, an inherited property comes with more than just memories. In fact, if you’re inheriting a property that has previously been inherited, things can get financially complicated—especially when it comes to capital gains tax (CGT).
Have you heard friends and family talk about reassessing their assets to secure the full age pension? Many Australians plan for this, but you should stop aspiring to do so. The comfortable, fulfilling lifestyle you’re accustomed to cannot be sustained at that rate.
If you’re an expat returning to Australia after time abroad, some careful planning and financial steps will help you secure your wealth and set yourself up for success. Here’s what you need to know about taxes, superannuation, investments and more.
Are you considering selling property in retirement? Whether it’s an investment property or something inherited from a relative, the profits could significantly boost your lifestyle. Here’s what you need to know about property sales and CGT for retirees.
Depending on how you look at it, superannuation can be a legal tax haven. Yes, you read that right! You don’t have to move to the Cayman Islands to realise your tax haven dreams – your superannuation fund can get you started!
Picture this… you get the call you’ve been waiting for your whole life… the one where your numbers have come up and you take home that lottery win you’ve been dreaming of and you find yourself managing sudden wealth.
Do you know how to salary sacrifice into super? It is a popular way to make concessional (before-tax) contributions to your superannuation. As the name suggests, you forgo some of your regular income so that you can boost your retirement funds.
On 9 December 2017, the Government amended the Marriage Act 1961 and legalised same-sex marriage. But when it comes to LGBTQI+ couples and their financial rights, there can still be some confusion.
Being in love is undeniably a wonderful feeling, and as your relationship develops, you and your partner might start to discuss how you can merge your separate lives. When it comes to combining finances in marriage there is a lot to consider.
