Date: May 2nd 2018 (sent 2nd May 2018)
This edition of newsflash is on property and GST. Yes, this could apply to you, even on a home you buy to live in. One slip up and you could be up for the GST over and above the price you paid. There is even more to worry about from 1st July, 2018.
Also links to askbantacs questions on transferring an investment property on divorce and how the main residence exemption works when both spouses bring a home into the relationship.
Date: April 13th 2018 (sent 13th April 2018)
Our latest newsflash covers some of the tricks and traps that affect the taxation of deceased estates. The articles give you an idea of how a little bit of knowledge and careful planning can make a big difference to your family.
Date: March 31st 2018 (sent 3rd April 2018)
March is the end of the FBT year so this edition of Newsflash is devoted to those FBT issues that effect small business. The first point that we can’t stress strongly enough is record the speedo reading on any vehicles owned by your business as at 31st March.
Date: March 8th 2018 (sent 8th March 2018)
In this edition of Newsflash, we have some more interesting tax cases – these ones relating to superannuation. In particular, the Aussiegolfa case is a must read for anyone with property in a self-managed superannuation fund (SMSF). Askbantacs is about getting money into your SMSF when you want to develop. There are also links to our blog, webinar and booklet relating to SMSFs
Date: February 21st 2018 (sent 23rd February 2018)
This edition of Newsflash shows just how interesting tax law can be.
In Icehot’s case when the bank sells you up they are liable for the GST but they can take it out of your money and you can’t challenge whether GST was actually applicable in the first place.
In Lewski’s case a complex profit distribution minute could lead to the profit not being distributed at all and taxed at the maximum tax rate as a result.
There is also an askbantacs question about moving in and out of your home and covering it with your main residence exemption.
This edition of newsflash covers all things depreciation, both for small businesses and investment properties. But not too long, the new short 7 minute read format that still gives you the detail that you need to know.
The askbantacs question featured in this edition is about refinancing a deductible loan with borrowings from your parents.
Date: January 23rd 2018 (sent 24th January 2018)
Yes, we are back again so soon! Part of our plan to help our clients keep abreast of the tax issues that affect them. Newsflash is now smaller but more frequent.
This edition is of particular importance to anyone with housing debt. Interest rates are now so low it is time to look at refinancing your loans, you will be surprised. To help we have included an article on all the points you need to consider.
News from the ATO is their new ruling on travel allowances. A few changes worth knowing about.