Tax

How to Make Sure Your Capital Gain Isn’t a Taxable Pain

By: Noel Whittaker So June 30 is rapidly approaching – a good time to think about capital gains tax. It’s the friendliest tax you can pay because it is not triggered until you dispose of the asset, and this may be many years after you acquired it. Furthermore, if you have owned it for over 12 […]

June 18, 2018
Tax

Is Capital Gains Tax Payable on a Home Used to Run a Small Business?

By Max Newnham Despite the income limit definition of a small business entity increasing from $2 million a year to $10 million a year from July 1, 2016, the income test for accessing the small business capital gains tax (CGT) concessions remains at $2 million. There are in fact two ways that business owners can meet the […]

January 19, 2018