Key Discussion Points
May 2024
The Tax Man’s Taken All My Dough: Singing The Land Tax Blues
George Harrison’s 1966 lament on the British Government’s progressive tax system no doubt strikes a chord with Australian property investors, the majority of whom are small-scale investors buying bricks-and-mortar as a means to increase their wealth and generate ongoing income, as along with potential for returns comes the responsibility of managing the various taxes associated with property ownership: income tax on rents, capital gains tax and land tax.
Corporate Actions & Updates
As part of keeping you up to date on the communications that we are discussing with clients, please click below for the most recent notes.
Qualitas Retail Entitlement Offer (QRI) - DO NOTHING
Recent Monthly Market Update
Click below to read our recent market update for April, released 19 May.
DIVISION 296: Criticism & SMSF Stressors Regarding the $3 million Super Tax
With the Bill set to be introduced to the Lower House this week, it looks as though Division 296 legislation is set to been acted by July 1 next year, despite concerns from Industry. The proposed “$3 million supertax” will impact less than 1% of Australians with a superannuation account in the 2025/26 financial year, but it remains controversial.
RBA: How Australia’s SMEs can overcome hurdles to funding innovation
Australia’s economy is a testament to the resilience of small to medium enterprises (SMEs). SMEs, despite the hurdles, account for two-thirds of private sector employment and just under 60% of the nation’s company profits.
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