Will I be taxed on insurance payouts? Your Family Home – payments you receive for your main residence is not taxable. Personal Property – payments received for personal assets (household items, furniture, boats, private cars) are not

A successful business may come to a sudden standstill if the sole director and shareholder dies or becomes incapacitated. The company may be unable to operate bank accounts, pay employees or take steps to sell the business; leading to delays,

In a recent court decision, it was found that disposal of a CGT asset held by an Australian Resident Shareholder was not entitled to the full foreign income tax credit. In practical terms: Let’s assume an individual Australian tax payer owns

Capital Gains Tax (CGT) has been with us since 20 September 1985.  That is now over 34 years. Did you know that if you bought an asset on 20 September 1985 you are still required to hold records of purchase for taxation purposes? In fact you