If an elderly relative lives with you under a formal arrangement, you may have to pay CGT under current tax law. But these rules could be about to change.
Matt co-owns property with his parents and wants to buy them out without forking out for capital gains tax and without paying stamp duty again.
What happens if you invest in peer-to-peer lending and want to withdraw your money early? We answer your P2P questions.
The tax office has just sent out the message that it will focus on income made from peer-to-peer car sharing but the so-called “crackdown” actually benefits those renting their car out when it is not in use.
If you bake a few cakes and sell them at a local market on a Saturday morning, or make quilts that you sell to friends, you might think it can’t possibly be taxable. Sadly, you’d probably be wrong.
If it’s all about spicing up your retirement, leaving Australia may not be the best way to do it.
Subdividing your property can mean big profits but first you need to be aware of the tax consequences.
You can’t legally invest in your child’s name, and kids can pay a whopping 66% tax on investment income, so you need to tread carefully if you want to invest for their future.