When You Receive an Inheritance from Overseas – Updated 30 01 2024
Download PDF Australia does not have an inheritance tax as such but watch them rip into your inheritance if it comes from overseas. This blog covers most common scenarios but not all possible circumstances. It is certainly not definitive advice. Firstly, what is an overseas estate? One that does not have an …
Mixed Purpose Loans Explained
Download PDF Drawing the deposit for an investment property from a line of credit or similar account that is also used for other purposes will very quickly lead to none of the interest charged on the deposit being tax deductible. That is probably a reduction of 20% of the interest you can claim each …
Get an Extra 20% Tax Deduction on Software, Technology and Training Boost – Updated 15 08 2023
Download PDF This is going to benefit all small businesses. We are even talking about your monthly Xero, MYOB or Quickbook subscription and the like. For every dollar you spend you get a tax deduction of 120%. Having only just made their way through parliament these extra deductions apply to expenditure incurred from 29th …