What happens to their property after your parents pass away? This question can be daunting and emotional for many Australians. It’s important to understand property inheritance laws for a smooth transition. In Australia, these laws vary by state or territory,…
Are you aware of the 6 year rule and how it can impact your capital gains tax? If you own an investment property that was once your main residence, this rule can offer you significant financial benefits. Let’s dive into…
Why you might consider setting up a self-managed super fund (SMSF) A self-managed super fund (SMSF) is a private super fund that you manage yourself. SMSFs are different from industry and retail super funds, as you have complete control over…
What is Sophisticated Investor? Sophisticated Investor Generally people buying securities and other financial products must, under the Corporations Act 2001, be given a regulated disclosure document such as a prospectus or product disclosure statement. However, the Act has some exemptions from…
Do you have any cryptocurrencies? What should be reported when you sell? What about I am a day trader? Should I look at Cryptocurrency Taxes Implications? Does the ATO know? Before we look at any tax implications, your first question…
Planning to set up your Company? Do you know the difference between proprietary and public company Australia? Proprietary vs Public Proprietary companies Proprietary companies limited by shares A company that is limited by shares means that the liability of its…