James on Sky News - Diversifying into Shares
Recent Articles
- April 4, 2020 - A Mortgage Review Can Help You Get Lower Interest Rates
Australia is experiencing a weakening housing market and the Reserve Bank has no choice but to further reduce the already low-interest rates. You may notice that while mortgage rates are nearing all-time lows, you’ll barely see any changes in your home loan rates. As a borrower, it’s your responsibility to do a mortgage review more » - April 4, 2020 - Stricter Terms for Availing Deductions on Vacant Land
Before the Treasury Laws Amendment Bill 2019 was enacted, the cost for holding a vacant property was largely deductible. According to the ATO’s guidelines, deductions can be applied on the vacant land that’s intended to be developed in the future for income-generating purposes. Holding the vacant land can’t be regarded yet as capital in more » - March 4, 2020 - Changes in CGT Exemptions for Non-Residents in Australia
Special rules on the implementation of capital gains tax (CGT) for non-residents have been proposed in the 2017/18 Budget. These new rules will apply to foreign residents when selling their ‘main residence’ or property in Australia. A property is considered a ‘main residence’ if: - You and your family reside in it. - Your more » - January 28, 2020 - How Much Can You Earn Tax-free Outside Super Contributions?
The amount of income you can earn tax-free outside your SMSF contributions primarily depends on your age. Residents Below 65 If you’re under 65, the tax-free threshold is $18,200. This means the first $18,200 you’ll receive won’t be taxed, saving you more money annually because your total taxable income has been reduced. This amount more »