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Highlights
Treasury Backs Off on Discretionary Trusts, But There Is a Catch
Some welcome news arrived from Treasury this month, with the Government softening its proposed treatment of discretionary family trusts. However, there are still some important catches, and we are not recommending that clients make any changes just yet. What was originally proposed? As part of the 2026–27 Federal Budget, the Government announced that from 1 July 2028, trustees would generally be subject to a minimum tax rate of 30% on taxable income of discretionary trusts. T
Josh Tilley
Sep 29
From land to liquidity: Subdividing the family home.
Many retirees find themselves asset-rich but cash poor. Subdividing a large property can be an effective way to access funds by selling...
Josh Tilley
Feb 12, 2025
Why your bank wants a three-way forecast
If your business has debt facilities exceeding $1.5 million, your lender is likely reassessing their internal risk rating of your...
Josh Tilley
Feb 12, 2025
Couples Retirement Planning: Spousal Contribution Splitting
As couples approach retirement, they may notice significant differences in their superannuation balances. Addressing this imbalance can...
Josh Tilley
Feb 12, 2025
Are you selling your property? – This impacts all sellers not just Foreign Tax Residents
Recent legislation changes to the Foreign Resident Capital Gains Withholding (FRCGW) regime will take effect on 1 January 2025. The...
David Tilley
Dec 12, 2024
SMSFs and Crypto
The Australian Tax Office (ATO) has put out a recent warning to SMSF trustees about thinking of investing in crypto and on some of the...
Josh Tilley
May 3, 2024
Director penalty notices, bankruptcy, and the family home
During the COVID period and up until recently the Australian Taxation Office (ATO) provided arguably generous payment plans to enable...
David Tilley
Apr 5, 2024
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