Christmas and the Taxman
When do employee gifts and celebrations attract fringe benefits tax (FBT)? And when are they exempt? Read more
SuperStream deadline
fast approaching
SMSF trustees must get ready to process rollovers via SuperStream by 1 October 2021. This means trustees will no longer able to send and receive paper rollover benefit statements and cheques between superannuation funds. Read more
Inheriting rental properties jointly A dilemma?
Imagine you’re lucky enough to inherit, say, four post-CGT rental properties from a deceased parent – but what happens when your sibling also inherits a half-share of these? Read more
Home as a place of business during COVID:CGT implications
The COVID-19 pandemic has resulted in more employees working from home than ever before. Where part of a home is being used as a business to generate assessable income, the homeowner will not be able to sell their home CGT-free. The rules for calculating a partial CGT on main residence can be difficult to apply. Read more
Compensation payments: Avoiding contribution issues
Superannuation fund trustees who receive compensation from financial institutions and insurance providers must consider how receipt of these payments may impact a member’s contribution caps. Read more
Riding the second wave: The economic effects of Delta
The overseas experience suggests that at some stage we would be confronted with another virus ‘wave’. Here’s what we understand from other countries. Read more
