I have had clients on several occasions ask me what happens when they buy a property for an adult child and then some years later when the child is more able to borrow money and the value of the property has increased, buys the property off the parent at theRead More →

Below are some relevant dates for capital gains tax calculations 20th September 1985,  that’s the day it started, was a Friday…. what a great start to a weekend 🙂 11.45 am 21st September 1999 (eastern standard time) is when the Discount Method for calculating the capital gain was introduced. The contractRead More →

You have some shares that were from the demutualisation of an insurance company. I have compiled a list of shares that I frequently get asked what the original cost of the share was. Below is a list of those shares:- Company Date Cost Base National Mutual/AXA 7/11/96 $1.17 Colonial MutualRead More →

I received this email from a client…. and thought it would be good for the WHAT THE…. category. MYTH: “I have a regular sub-contractor, that claims that despite having his GST registration on the ATO ABR website, that he doesn’t have to charge GST if his earnings are less thanRead More →

Ok, so you have started a business….. the question you are asking. Do I need an ABN and be GST registered? You will need an ABN regardless, but do I need you need a GST registration attached to the ABN. Yes, if your income is greater than 75k or youRead More →