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New Property Transfer Rules Apply to Deceased Estates Also!
From 1 July 2016 Australian residents selling real estate with a market value of $2 million or more will need to apply for a clearance certificate from the Australian Taxation Office to ensure that 10% is not withheld from the sale proceeds.
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The United Kingdom Votes
Leave Campaign wins the Referendum. The United Kingdom (UK) has voted to leave the European Union (EU) in a shock decision that has sent global markets plummeting. It has been over 40 years since the UK last voted to stay in the EU and sentiment towards the common market has shifted dramatically.
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Gatherum-Goss & Assoc will be incorporated into Paris Financial
GGA has been specialising in Property Taxation since 1992 and have been part of the Paris Group since 2007. With the move to our newly refurbished offices in 2014, we have been working closely with the entire team at Paris Financial. Incorporating GGA officially under the banner of Paris Financial is the next natural step.
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5 Things to note about Brexit Jitters
Core European bond yields have been negative for some time, as the European Central Bank has been aggressively buying bonds as part of its quantitative easing policy. While most of the German yield curve has been negative, German 10-year bond yields turned negative for the first time last night, reflecting uncertainty over the implications of the Brexit vote.
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SMSF Critical Amounts, Changes & Dates
Reducing your tax exposure, maximising the opportunities available to you, and reducing your risk of an audit by the regulators is in your best interests. With the end of the financial year fast approaching, this update will help you do exactly that:
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myGov accounts and ATO
Recently we have had a few clients contact us because they have not received their Notice of Assessment or Business Activity Statement. Upon review we have found that these clients have set up a myGov account and have included the ATO as one of the linked services.
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In the community
Congratulations to all the wonderful year 12 students who made their way into our offices last Monday to practice their interview techniques. Steve Golding and TESSA do an amazing job and we are proud to be associated with this wonderful organization.
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Three questions to ask before you refinance
The home loan market is constantly changing, with new and attractive deals coming up all the time. Refinancing can help you secure a more competitive interest rate, access the equity in your home, add features (such as an offset account) or consolidate your debts, but there are some important questions to consider before you get the ball rolling.
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