by C&N Accountants | Aug 27, 2024 | Asset Protection, Business, Capital Gains Tax, Superannuation
Going through a divorce is tough, and it’s not just the emotional and financial strain you need to think about. Plenty of issues need sorting out, especially if you’re running a business. What Happens When There’s a Family Company? Suppose you and your partner have...
by C&N Accountants | Jun 27, 2024 | Capital Gains Tax, Residential Property
When it comes to capital gains tax (CGT), the main residence exemption can help keep your family home tax-free when you sell it. However, like most tax matters, it can sometimes be complicated. As Darryl Kerrigan famously said in *The Castle*, “It’s not a...
by C&N Accountants | Dec 7, 2023 | ATO, Capital Gains Tax, Property Investment, Tax Deductions
There has been a recent controversy in the tax field due to a remarkable case in which a taxpayer, defying the odds, obtained a deduction for a significant loss from the sale of her home. In this blog, we will investigate the specifics of this surprising development...
by C&N Accountants | Sep 22, 2023 | Capital Gains Tax, Income Tax, Land Tax, Property Investment, Property Investment Tips, Tax Planning, Tax Tips
So, you find yourself possessing a prime piece of land, perfect for a subdivision. You’ve done your homework, discussed the details with the Council, and builders, and secured financing from the bank. But, a critical aspect often goes overlooked – the tax...
by C&N Accountants | Apr 18, 2023 | Capital Gains Tax, Property Investment, Property Investment Tips, Property Outlook, Residential Property
Property values, as history demonstrates usually increase over time. Indeed, through all financial crises and economic difficulties Australia has faced, the one thing constant that has continued to yield returns is property investment. If you’re not investing in...