Ban on foreign property purchases

2025-03-07T12:41:16+10:00March 29th, 2025|General, News|

The Government has announced a temporary ban on investors buying established homes between 1 April 2025 to 31 March 2027. The measure aims to curb foreign “land banking.” From 1 April 2025, foreign investors (including temporary residents and foreign-owned companies) will be prohibited from acquiring established dwellings unless they qualify for specific exemptions. While

Budget 2025-26 Summary: Show Me The Money

2025-03-26T08:18:31+10:00March 26th, 2025|ATO, Budget, General|

The 2025-26 Federal Budget is a budget for voter appeal, with over $7 billion in additional spending measures in 2025-26 and over $20 billion across five years. Most measures extend previously announced and budgeted items for another year and introduce personal income tax cuts, offering tax savings of up to $268 in 2026-27 and

FBT 2025: What you need to know

2025-03-07T12:13:59+10:00March 7th, 2025|Corporate, General, News|

The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees. FBT exemption for electric cars Employers that provide employees with the use of eligible electric vehicles (EVs) can potentially qualify for an FBT exemption. This should normally be the case where: • The car is

Threshold for tax-free retirement super increases

2025-03-07T11:43:51+10:00March 1st, 2025|General, Superannuation|

The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025. The transfer balance cap - the amount that can be transferred to a tax-free retirement account – is indexed to the Consumer Price Index (CPI) released each December. If inflation goes up, the

Is there a problem paying your super when you die?

2025-03-07T11:38:07+10:00February 28th, 2025|General, News|

The Government has announced its intention to introduce mandatory standards for large superannuation funds to, amongst other things, deliver timely and compassionate handling of death benefits. Do we have a problem with paying out super when a member dies? The value of superannuation in Australia is now around $4.1 trillion. When you die, your

Will credit card surcharges be banned?

2025-03-07T11:25:58+10:00February 19th, 2025|General, News|

If credit card surcharges are banned in other countries, why not Australia? We look at the surcharge debate and the payment system complexity that has brought us to this point. In the United Kingdom, consumer credit and debit card surcharges have been banned since 2018. In Europe, all except American Express and Diners Club

Why the ATO is targeting babyboomer wealth

2025-02-11T11:56:08+10:00February 11th, 2025|ATO, Family, General, News, SMSF, Trusts|

“Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganisations that appear to be connected to succession planning.” ATO Private Wealth Deputy Commissioner Louise Clarke The Australian Taxation Office (ATO) thinks that wealthy babyboomer Australians, particularly those with successful

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