One of the changes as part of the governments housing affordability package announced in the 2018 budget was to limit the primary residence capital gains exemption to resident tax payers only. On the face of it this policy was aimed at reducing foreigner demand for housing but it has also inadvertently (or not) targeted Australian … Continue reading Expats to Lose Capital Gains Tax Exemption
Hopeful first-home buyers across Victoria will soon be able to apply for the state government to cover up to a quarter of their mortgage. The shared equity scheme, known as HomesVic, will be available to low-income earners looking to buy in select growth areas and regional centres. Full Article
The mid-year budget update has just been released by the Federal government and it is planning to hit past, present and future students where it hurts most; the hip pocket. Currently students with a HECS/HELP debt don’t start repaying their loan until their taxable income reaches $55,874. MYEFO proposes to change the threshold to $45,000. … Continue reading MYEFO Budget Update 2017
The Taxable Payments Annual Report (TPAR) is required by businesses in the construction and building industry...