by Team Garnet | Feb 26, 2024 | Families, Investments, Property
Estate planning is a complex area that requires careful consideration of tax implications, which can vary widely depending on individual circumstances. Many issues that affect the distribution of assets to beneficiaries will need to be considered before an individual...
by Team Garnet | Nov 30, 2022 | ATO, Capital Gains, Tax News
ATO has updated its guideline on how the CGT main residence exemption may apply in cases of deceased estates. It now explicitly takes into account the effects of COVID-19. The ATO has recently updated its practical compliance guideline on how the CGT main residence...
by Team Garnet | Dec 8, 2021 | Capital Gains, Tax News
If you’re building or substantially renovating your home, delays may end up costing you more than just money now. Most of Australia has been experiencing a building boom fuelled by government policy such as the HomeBuilder scheme and a general desire to make our...
by Team Garnet | Dec 1, 2021 | Business Structures, Small Business, Tax News
Do you know if your business is eligible to claim small business CGT concessions? If you’re thinking of retiring or selling your business find out more. If you’re a small business owner and the pandemic has made you reassess your future, whether it be retirement or...
by Team Garnet | Oct 22, 2021 | Capital Gains, Tax News
Taxpayers that have received gifts or loans from overseas family and relatives beware, the ATO is currently scrutinising these types of transactions. The ATO has recently issued an alert, warning taxpayers against disguising undeclared foreign income as gifts or loans...
