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Read more about the article Main Residence 6 year absence rule and renting out rooms
Renting out Rooms in Your Main Residence and Impact on the 6 Year Absence Rule

Main Residence 6 year absence rule and renting out rooms

  • Post author:Michael
  • Post published:May 31, 2020
  • Post category:Business

Bob decides to rent one room in his main residence to Jane after he moves into the property immediately after purchase. Bob and Jane continue to live in the property…

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Read more about the article Late Superannuation – Don’t Make This Mistake

Late Superannuation – Don’t Make This Mistake

  • Post author:Michael
  • Post published:May 30, 2020
  • Post category:Business

Bob gets a huge shock !!! His bookkeeper who organises superannuation payments for him and his employees paid his employees superannuation late. His accountant picks this up and tells bob…

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Read more about the article Company vs Trust for Holding Property – Is it Clear Cut ?

Company vs Trust for Holding Property – Is it Clear Cut ?

  • Post author:Michael
  • Post published:May 23, 2020
  • Post category:Business

We discussed whether Bob should hold an investment property in a company or a trust.Trust, trust, trust yells all the accountants.Companies don't get the discount you fool.Agreed. And sometimes that…

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Read more about the article Expats and Capital Gains Tax

Expats and Capital Gains Tax

  • Post author:Michael
  • Post published:May 23, 2020
  • Post category:Capital Gains Tax

Ran a modelling scenario for an expat on a property that was their main residence. The results shocked them. "So you are telling me that if I sell the property…

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Read more about the article FBT and Workhorse Vehicles

FBT and Workhorse Vehicles

  • Post author:Michael
  • Post published:May 23, 2020
  • Post category:Business

Bob has employees who have "workhorse vehicles" It might be prudent for Bob's company to have those employees complete a declaration. Not perfect but a decent risk mitigation strategy. And…

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Read more about the article Property Tax Council Proposal to Boost the Construction Industry

Property Tax Council Proposal to Boost the Construction Industry

  • Post author:Michael
  • Post published:May 23, 2020
  • Post category:Tax

The Property Tax Council has put forward a proposal to the Government to assist with boosting the property industry following the impacts of COVID-19 on the Australian Economy

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