News : Budget

Budget, Legislation, Tax, Trusts

Trust tax relief must include stamp duty

The stamp duty implications of the rollover relief allowing individuals and companies to manage the new trust tax have been ignored.

The stamp duty implications of the rollover relief allowing individuals and companies to manage the new trust tax have been ignored.

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ATO, Budget, Legislation, LRBA, SMSFA

Gearing ban clarity on the way

Treasury is working with the ATO to formulate guidance as to the details regarding the ban on LRBAs used for residential property purchases.

Treasury is working with the ATO to formulate guidance as to the details regarding the ban on LRBAs used for residential property purchases.

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Budget, Legislation, LRBA, Property

LRBA transition period laid out

SMSF trustees looking to use an LRBA to buy a residential property need to ensure certain elements are in place before the practice is banned.

SMSF trustees looking to use an LRBA to buy a residential property need to ensure certain elements are in place before the practice is banned.

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Budget, Legislation, LRBA, Strategy

LRBA ban has no sound basis

Criticism of the LRBA ban on the purchase of residential property has continued, directed at both the decision methodology and the process involved.

Criticism of the LRBA ban on the purchase of residential property has continued, directed at both the decision methodology and the process involved.

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Budget, Legislation, LRBA

Criticism increases over gearing move

Concerns about government plans to ban residential property LRBAs have continued to grow, given the move will do little to fix housing affordability.

Concerns about government plans to ban residential property LRBAs have continued to grow, given the move will do little to fix housing affordability.

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Budget, CGT, Legislation

CGT amendment needs clarification

More information is needed to determine how the maximum net asset value component of the changed small business CGT rules will operate.

More information is needed to determine how the maximum net asset value component of the changed small business CGT rules will operate.

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