by C&N Accountants | Dec 18, 2024 | ATO, Business, Capital Gains Tax
The past few years have brought plenty of uncertainty, but 2025 offers the hope of greater stability – though there are no guarantees. Here’s a look at the key changes and challenges shaping the year ahead. A Federal Election is Looming Prepare for political...
by C&N Accountants | Nov 28, 2024 | Property Investment, Property Investment Tips, Property Rental
Six Things To Do Before Renting Out Your Home Are you thinking about moving to a new house but want to hold onto your current property? Turning it into an investment for the short or long-term can be a good option while increasing your cash flow. But before you do,...
by C&N Accountants | Oct 8, 2024 | Estate Planning
When thinking about passing on your assets, it’s not just about deciding who gets what – there are tax implications to consider. How your assets are transferred to your beneficiaries can affect how much tax they must pay. This will depend on the asset type...
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...
