Financial Planning articles
Reducing Land Tax by Investing Interstate
Reducing land tax through interstate property investments can be a smart strategy for property investors. However, it's essential to understand that each state in Australia has its own rules and regulations regarding land tax, and there's no one-size-fits-all approach. Here are some steps and considerations to help you potentially...
Reducing Capital Gains Tax on Share Transactions
Capital gains tax (CGT) is an important consideration for investors in the stock market. When you sell shares for a profit, you may be subject to CGT. Fortunately, there are legal strategies that can help you reduce or minimize your capital gains tax liability. In this article, we'll explore...
Investing in Oil ETFs on the ASX
Investing in oil can be a lucrative endeavor for those looking to diversify their portfolios and capitalize on the energy sector's potential. One of the easiest and most accessible ways to invest in oil is through Exchange-Traded Funds (ETFs). In this article, we'll guide you through the process of...
Rob’s Legacy: How He Securely Passed His Assets to His Two Children
In the story of Rob, we find a heartwarming tale of careful planning and responsible decision-making in estate matters. Rob understood the importance of ensuring a smooth transition of his assets to his two beloved children upon his passing. In this narrative, we'll explore how Rob achieved this through...
FBT On Electric Vehicles
The Treasury Laws Amendment (Electric Car Discount) Bill 2022, which took effect on December 12, 2022, introduces a fringe benefit tax (FBT) exemption for eligible electric vehicles valued below $84,916.
What is an FBT exemption?
An FBT exemption refers to a provision that allows employers to be exempted from paying fringe benefit...
Pitfalls of using SMSF as an investment vehicle
While investing in property through an SMSF can offer certain advantages, such as potential tax benefits and greater control over your investments, there are also several pitfalls to consider.
Here are some additional points to keep in mind:
- Lack of diversification: Investing a significant portion of your superannuation in a single property...
Teaching kids about saving money
Teaching kids about the value of saving money is an important life lesson that can set them up for financial success in the future. Here are a few tips for helping kids learn how to save money:
- Start early: It's never too early to start teaching kids about the importance of...
Why choosing the right acccountant is key to building wealth
Choosing the right accountant can be crucial to building wealth and achieving financial success. An accountant is more than just someone who does your tax return; they can be a valuable partner in helping you plan for the future, manage your finances, and make informed financial decisions.
Here are a few...
How to invest in China stocks via the ASX
Investing in Chinese stocks through the Australian Securities Exchange (ASX) is a popular way for Australian investors to gain exposure to the world's second-largest economy. China's rapid economic growth in recent decades has made it an attractive destination for investors seeking to diversify their portfolio and tap into new opportunities.
The...
How to invest in the Nasdaq via the ASX
Investing in the Nasdaq stock exchange via the Australian Securities Exchange (ASX) is a popular way for Australian investors to gain exposure to a wide range of global technology and growth companies. The Nasdaq is home to many of the world's most innovative and fast-growing companies, including the likes of...