In This Edition:
Property developers often feel the gaze of the ATO on their activities, so we look at what could be getting its attention. Still on residences, we look at some little known facts about the CGT exemption that generally, but not always, applies to inherited homes.
Also dealt with is the tax that children¹s savings accounts attracts, the operating costs available as deductions to SMSFs, and the top 10 tips for rental property owners to avoid common tax mistakes.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
Click here to view our September 2019 Newsletter...
REMINDER: Taxable Payments Annual Report (TPAR)
You may need to lodge a Taxable Payments Annual Report (TPAR) by 28 August each year, if you're a business or contractor providing the following services:
- building and construction
Penalties may apply if you don't lodge your TPAR on time.
An ATO supplied fact sheet on taxable payments annual reports is a handy resource: Download it here
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Should you require more information regarding any topic covered in our newsletter, please contact GJB on 02 9686 3130 for advice on #yourself, #yourbusiness or #yoursuper.
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Disclaimer: All information provided in this newsletter is of a general nature only and is not personal financial or investment advice. Also, changes in legislation may occur frequently. We recommend that our formal advice be obtained before acting on the basis of this information.