Budget 2019

Its an election friendly Federal Budget 2019-20 Government focused on further personal income tax cuts, leaving super untouched after all the tinkering in 2017. Here are three (3) key announcements include providing more flexibility for individuals to contribute at ages 65 and 66, the ability to choose their preferred exempt income tax method and increased … Continue reading Budget 2019

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SMSF Crypto Currency investing

Bitcoin, Ethereum and Ripple along with the over 1500 Altcoin investments are proving very popular investments for smsf investors. There are a lot of things people need to be aware of before embarking on bitcoin or crypto investing, in an SMSF. 3 Things to check, to remain compliant Who owns the asset ?  – make … Continue reading SMSF Crypto Currency investing

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Contribution Splitting in a SMSF

Splitting concessional contributions amongst members or spouses can be an effective strategy provided that you benefit in the following ways. 1) It creates a Tax-free portion for the receiving spouse – like a re-contribution strategy 2) It’s tax deductible for the contributing spouse ( subject to PSI or the 10% income test) if they are … Continue reading Contribution Splitting in a SMSF

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Depreciation Changes Budget 2017

Depreciation is the natural wear and tear that occurs to a building and the assets within it over time and it’s one of three (3) key tools property investors use to make holding investment property more affordable and tax effective. The proposed new laws to depreciation will result in a reduction in the depreciation for … Continue reading Depreciation Changes Budget 2017

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SMSF Deductions

SMSF PROPERTY DEDUCTIONS One of the great benefits of property in an SMSF is the raft of available deductions. Expenses that are likely to be deductible include bank charges, brokerage, filing fees, fines, interest paid insurance premiums, valuation and storage costs, property expenses, relevant training courses, subscriptions, administration software fees. Some of the common property … Continue reading SMSF Deductions

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