Avoiding the pitfalls of super death bed withdrawals
Julie Steed and Pam Roberts explain recent ATO guidance, the practical applications and advice considerations when a super withdrawal request is lodged, but the client passes away before the payment is made. |
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Short-term letting the principal home and CGT
Stuart Sheary outlines the capital gains tax (CGT) implications which may arise when clients short-term let their principal place of residence through platforms such as Airbnb. | | | | |
Stage 3 tax cuts update
The Bill that was introduced to Parliament on 6 February to amend the previously legislated Stage 3 tax cuts, still needs to pass the House of Representatives and the Senate. | |
ATO learning modules for small business owners
The ATO have launched free learning modules to help small business owners satisfy their tax and super obligations. | | | | |
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TBC from 1 July - advice implications
Chris Chow's article on the transfer balance cap (TBC) from 1 July 2024 and advice implications for clients appeared in Financial Standard. | |
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Aged care, super and tax cuts tipped to be key client queries
Jenneke Mills insights featured in an article on aged care, super and tax cuts in Professional Planner. | | | | |
Consequences of staying in SMSF farm land
My client’s SMSF owns a farm which is rented to a third party who carries on a cattle business on the property. There is a vacant house on the farm which sits on less than 2 hectares. The clients plan to install new fences on the property. Can they live in the vacant house while doing the fencing? | | |
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This communication is prepared by Actuate Alliance Services Pty (ABN 40 083 233 925, AFSL 240959), a related entity of MLC Wealth Limited (ABN 97 071 514 264). This is for financial adviser use only – it is not to be distributed to clients. The communication has been prepared to provide financial advisers with technical resources, support and knowledge. The information in this document is current as at the date of publication and reflects our understanding of existing legislation, proposed legislation, rulings etc as at the date of issue, and may subject to change. In some cases, the information has been provided to us by third parties. Whilst care has been taken in preparing this document, no liability is accepted for any errors or omissions in this document, and loss or liability arising from any reliance on this document. Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we therefore recommend your client consult with a registered tax agent.
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