11 October 2018
No matter how small or big your business is, if you intend putting it on the market for sale there are a few rules that will make the process easier and ensure you obtain the maximum sale price. Have a plan and a strategy in place Know your financials and make sure there are strong […]
» Read More28 September 2018
Statutory land valuations are the basis for the calculation of: Land tax Council rates State leasehold rents. How are the valuations decided? Generally: All land is valued based on a freehold value, even if it is leasehold. Each legal Lot is valued, although the Valuer-General also has the power to declare particular parts of a […]
» Read More20 August 2018
Last week the full Federal Court handed down its decision in Aussiegolfa Pty Ltd (Trustee) v Commissioner of Taxation [2018] FCAFC 122, a case concerning the in-house asset rule and sole purpose test for SMSFs. Tom Wood has discussed the implications of this below. What is the in-house asset rule and the sole purpose test? […]
» Read More30 May 2018
From the day you were born, your personal information is gathered and stored in databases run by both private and government entities, such as hospitals, schools, banks, public registries, and the business enterprises with which you have previous and current dealings and transactions. The use of advanced software programs and applications has considerably made it […]
» Read More11 May 2018
The only thing certain in life is death and taxes – so what is set to change? Some of the key changes from the 2018-19 budget that may affect our clients are listed below. Tax deductions on vacant land – better start that build From 1 July 2019, taxpayers will not be able to claim […]
» Read More10 May 2018
An easement is a legal right that attaches to land or a part of land (the Burdened Land) and allows a benefiting party to use the land in a particular manner. An easement may be granted from the Burdened Land in favour of: Another property, such as allowing a neighbouring property to use part of […]
» Read More10 May 2018
From time to time, it happens that you may need to register an easement on someone else’s property. For example – You might have your services (water, sewerage, electricity, telecommunication etc.) running through a neighbouring property to get to your property; or You might not be able to access the road unless you travel over […]
» Read More26 April 2018
From 1 July 2018, the Farm Business Debt Mediation Act 2017 (Qld) “the Act” will bring about restrictions on mortgagees taking enforcement action under a farm mortgage until parties have conducted mediation. The purpose of the legislation is to provide an efficient and equitable way for farmers and mortgagees to resolve matters relating to farm […]
» Read More23 April 2018
Your ‘main residence’ (your home) is generally exempt from Capital Gains Tax (CGT). To be entitled, the property must have a dwelling on it and you must have lived in it. Proposed new legislation affecting foreign owners Currently, if you are a foreign resident, you are entitled to the main residence exemption in the same […]
» Read More18 April 2018
A recent decision in NSW has made it for difficult for body corporates to stop apartment owners from renting out their property on Airbnb. In the case of Estens v Owners Corporation SP 11825 [2017] NSWCATCD 52, the NSW Civil and Administrative Tribunal found that body corporate by-laws which prohibit short term letting breached the […]
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Brisbane Club Tower
Level 8, 241 Adelaide Street
Brisbane QLD 4000
Kon-Tiki Business Centre
Tower 2, Level 3, 55 Plaza Parade
Maroochydore, Qld 4558
Brisbane Club Tower, Level 8, 241 Adelaide Street
Brisbane QLD 4000
Kon-Tiki Business Centre, Tower 2, Level 3, 55 Plaza Parade
Maroochydore, Qld 4558
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