James on Sky News - Diversifying into Shares
Recent Articles
- 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 » - January 28, 2020 - Limitation and Exemptions on Centrelink/DVA Gifting Rules
You’re feeling generous, so you decided to give an asset to a family member as a gift. Before gifting assets that have enormous value, you must understand the impact the act can have on your Centrelink/DVA entitlements. When you make a gift, the value of your assessable assets is reduced. This, in turn, more » - October 19, 2019 - Costs and Fees on Running an SMSF
A report from the Australian Securities and Investments Commission (ASIC) says that 32% of Self-managed Superannuation Fund (SMSF) members found that setting up their SMSF is costlier than expected. Also, 38% of SMSF owners said that it was time-consuming to set up than anticipated. But because of the significant benefits of SMSF, like flexibility more »