DOES YOUR BUSINESS NEED CAPITAL INJECTION – TAX INCENTIVES FOR EARLY STAGE INVESTORS
You may have read in the financial press about the tax concessions available for early stage investors which came in on 1 July 2016.
In this article we give you the basics on how the concessions work to see if they provide an opportunity for you.
ARE YOU READY FOR THE 1 JULY SUPER CHANGES?
Last month saw the changes to superannuation in the May 2016 Federal Budget passed and receiving Royal Assent. They are now law.
To read our full article and summary of the final superannuation reforms please click here.
AGED PENSION CHANGES FROM 1 JANUARY 2017
There are changes to the asset test used to calculate pensions from 1 January 2017.
These changes are designed to reduce the pension payable to pensioners with substantial assets and redistribute the pension to pensioners with minimal assets.
The pensions affected include: Age, carer payment, disability support pension, widow B pension and wife pension.
Our article provides some of the details associated around these changes.
FOREIGN PERSON AND LAND TAX SURCHARGE PROBLEM IN FAMILY TRUST
From 31 December 2016 discretionary trusts (commonly known as family trusts) holding residential properties could be subjected to the foreign person rule and could be liable for an extra 0.75% land tax cost on the unimproved land value of the residential property (on top of the existing 1.6%).
If you currently have or are looking to setup a discretionary trust to purchase a residential property, click here to read our full article and contact us immediately so we can try to help you avoid paying the additional surcharge.
THE S&W CREW
At Stanley & Williamson we have a team of around 25 people.
We are fairly sure that you won’t know everyone, so we’d like to continue introducing some of them to you.
Has been with us for:
Family, travel and reading
Spiders, Sydney train delays and traffic
Is passionate about:
Her current renovation project, her home
Great things in business are never done by one person. They’re done by a team of people.
Kreston Stanley Williamson Team
*Correct as of February 2017
*Disclaimer – this article has been produced by Kreston Stanley Williamson as a service to its clients and associates. The information contained in the article is of general comment only and is not intended to be advice on any particular matter. Before acting on any areas contained in this article, it is imperative you seek specific advice relating to your particular circumstances. Liability limited by a scheme approved under professional standards legislation.