Julia's Blog
By Julia Hartman
Download PDF If your home is on more than 2 hectares (5 acres) you need to keep capital gains tax (CGT) records right from day one. This could even include lawn mowing fuel. Not hard just takes discipline and the right advice. Here is a link to spreadsheets and instructions that will help you …
Download PDF Is it really giving unto Ceasar what is Ceasar’s when you pay tax on your earnings to save up and buy an asset, then inflation increases the value of the asset so that if you sell it or gift it you have to pay more tax? It looks to me more like …
Download PDF At least the Reserve Bank has slowed down its rate of increase to only ¼%. Maybe that is a good sign the rate rises will stop soon. These days I am regularly asked whether a client should fix their loan. This is all about which way rates will go over the fixing period. …
Download PDF Along with the increase in property values comes the land tax grab. Many private residences alone may be over the $600,000 threshold. Relax private residences are exempt from land tax but the Queensland state revenue might not know this. You may have recently received a land tax assessment in the mail and discarded …
(Download PDF) Bosanac’s case has taken a turn for the worse. https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/full/2021/2021fcafc0158?fbclid=IwAR3KR9OTbrHLVJh6xLCx7Sb0nkX5KK1JHhrdIhcmRc6XIAamXH8TgQKbCn4 Initially, before a single judge of the Federal court Ms Bosanac was successful in holding onto the family home which she held in her name only. The ATO was after half of it to pay her husband’s tax bill. The Federal court found …