The Small Business CGT (Capital Gains Tax) Concessions are designed to provide tax relief to the owners of small businesses when they sell shares in a business, goodwill, or property. If a small business can access these concessions, then it makes it easier for the business owners to retire from, or re-structure their business. There […]
What are the benefits of negative gearing? Negative gearing refers to an investment where the investment has cost more money to hold than the income it produces before the consideration of any capital growth. Currently an income tax benefit may be gained from negative gearing which is attractive to many when considering their investment options […]
It is an unfortunate part of life that at some point, someone close to you will pass away. It is therefore important to be aware of the tax consequences that come along with this. When an individual passes away, a legal personal representative (LPR) (AKA administrator or executor) will be appointed to manage the tax […]
Total Super Balance (TSB) is relatively simple to understand and is essentially the total value of your super fund interests. Your TSB includes your accumulation phase accounts, and pension phase accounts, as well as some amounts relating to any outstanding limited recourse borrowing arrangement (LRBA) in a SMSF. All individuals will have a TSB, whether […]
When renting out a property, it is crucial to consider when GST is applicable. To do this, it’s important to understand whether you are providing premises which are residential or commercial for rent. Residential properties are rented out solely for the purpose of being an individuals’ or families’ dwelling or home. GST is not applicable […]
Changes in the structure or ownership of a business is a common thing in modern society, however this does not automatically mean that when a business is sold, that everybody, from employees to employers, always know what they are entitled to or is required by them. A share or equity sale occurs when an employer […]
Francis A Jones
154 High Street, Fremantle WA 6160
PO Box 39 Fremantle WA 6959
Phone 08 9335 5211
Fax 08 9335 5478
Monday to Friday : 8.00am – 5.00pm
email@faj.com.au
www.faj.com.au
Liability limited by a scheme approved under Professional Standards Legislation.
