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Tax

Sending funds to family in Australia? Beware of Section 99B

30% of Australians were born overseas. It's common for family funds to be moved to/from Australia to other family members/accounts. If you are receiving...

Inheritance and Estate Tax in Australia

What Is Estate Tax? Estate tax is the tax on estates where the value is more than the exclusion limit set by the law of...

How the ATO will Treat Cryptocurrency in 2022 – a Breakdown

An Overview on the History of ATO and Cryptocurrency The birth of Bitcoin in 2009 as the first cryptocurrency went seemingly unnoticed by the Australian...

Investor or trading business? How the ATO will view you in 2022

2019-2021 was a period where an unprecedented number of Australians entered the share market. All shareholders, retail or institutional, have tax obligations based on...

Selling Your Home in Australia: CGT and GST – How does it apply in 2022?

What is Capital Gains Tax? The fees paid to the government based on the profit from the selling of certain assets is defined as CGT...

Tax Loss Harvesting in Australia – 2022 Guide

What is Tax-Loss Harvesting? In simple terms, tax-loss harvesting involves the selling of securities when the investments sustain a capital loss. These losses are used...

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