Categories
Pat Mannix
The Power of Franking Credits in Super
How good are Franking Credits in a Super Fund? Surely Franking Credits in Pensions are NOT fully refundable?
... read moreGeorge Costanza’s prenup didn’t work because he didn’t have any dough...but what if he did?
Remember poor old George Costanza from Seinfeld who tried to get out of a defacto relationship by suggesting to his Partner a prenup agreement when they married. It backfired on George of course because he had no dough!
... read moreGreat news for business people stuck in company structures!
The Government has introduced the “Tax Laws Amendment (Small Business Restructure Roll-over) Bill 2016”.
What does this mean for me?
It’s fantastic news for business owners who have been set-up in a dreaded company structure, at present this structure can be extremely difficult to transfer out of, due to capital gains tax (CGT) implications.
... read moreTax implications of renovating for profit - API Article
We’re regularly asked about the tax consequences of renovating to sell for a profit and the answers and issues that may arise often surprise clients. Here’s some information on renovating for profit and the significance of substantial renovations.
... read moreThe Future for SMSF Borrowing - API Article
Self Managed Superannuation Funds (SMSFs) have been able to borrow to fund investment property purchases using limited recourse borrowing arrangements since 2007 and this has been a great strategy for investors to increase their property portfolio.
The ability to save up to 34 per cent income tax while paying off loan principal and to have your super fund assets free from capital gains tax .....
... read more