by Team Garnet | Apr 13, 2022 | Investments, Money, Superannuation
The maximum amount that first home buyers can take out of their super under the FHSS scheme will be increased to $50,000 from 1 July 2022. Cost of living pressures coupled with high house prices means that many people in Australia are finding it increasingly difficult...
by Team Garnet | Jan 28, 2022 | Investments, Tax News
Cryptocurrency losses and scams are on the rise in Australia, depending on your circumstances, if you’ve been scammed, you may be able to claim a capital loss in some instances. With the recent collapse of a second Australian cryptocurrency exchange in as many months,...
by Team Garnet | Sep 16, 2021 | Investments, Uncategorized
Thinking of selling your property? Don’t forget you’ll most likely need to obtain a clearance certificate from the ATO. With spring weather warming up and the Australian property market is still running hot in all States and Territories. If you’re thinking of selling...
by Team Garnet | Aug 11, 2021 | Investments, Tax News
ATO is continuing its blitz on individuals with the extension of a data-matching program on lifestyle assets, find out what details will be captured here. Owners of lifestyle assets beware, the ATO has extended its data-matching program for another 2 years. The...
by Team Garnet | Jul 2, 2021 | Investments, Superannuation
Contrary to popular belief, your Self Managed Super Fund can actually invest in collectables such as artworks, jewellery and wine as well as personal use assets such as boats, classic cars or other vehicles. However, investment in these assets must meet very strict...
by Team Garnet | Jun 9, 2021 | Investments, Tax News
Rental property owners beware, the ATO has commenced 2 data-matching programs designed to obtain a myriad of information to ensure that various income tax reporting obligations have been met. Specifically, the ATO will run a new data-matching program to collect...
