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Can an SMSF Invest in Property Development?

Can an SMSF Invest in Property Development?

In Australia, property investment holds a significant appeal, notably due to the attractive 15% preferential tax rate on income during the accumulation phase and the potential for tax exemption during retirement. This has led many SMSF trustees to consider property...

Understanding the Restructured Stage 3 Tax Cuts

Understanding the Restructured Stage 3 Tax Cuts

The Federal Government has recently announced a realignment of the personal income tax cuts, initially legislated to commence on 1 July 2024. This realignment is part of a new proposal that seeks to redistribute the tax cuts more effectively. Overview of the Amended...

Navigating 2024: The Key Influences Shaping the Landscape

Navigating 2024: The Key Influences Shaping the Landscape

Uncertainty has cast its shadow over recent years, but are we finally in for a more predictable ride as we step into 2024? Let's delve into the key factors influencing the landscape. Inflation and Labour Dynamics According to RBA Governor Michelle Bullock, "Inflation...

A Taxpayer’s Unconventional Home Loss Claim

A Taxpayer’s Unconventional Home Loss Claim

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...