Phone
Sydney: +61 2 9516 3382
Brisbane: 1300 546 770
OFFICES BY APPOINTMENT:
Lvl 34 Nous House, 60 Margaret St
Sydney NSW 2000
Lvl 12 Nous House, 259 Queen St
Brisbane QLD 4000
Mailing Address
PO BOX 617, Agnes Water QLD 4677
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News & Events
Sep 2018 Tax & Super Newsletter || Super contributions, GST apportionment, business assets change in use, stockmarket investing and tax, new LRBA rules for SMSFs
September 3, 2018Client Tax and Super Newsletter-Sep-2018
Both self-employed and employed Australians can now consider tax incentives to be better able to save for retirement. In the SMSF arena, another change to the superannuation rules could lessen the appeal of borrowing to invest.
Our broad overview of tax and the stock market is worth reading if you’re looking into shares. This article should also be of interest to cryptocurrency traders.
We look at a convenient GST apportioning option to cover private use. On the matter of GST, we consider the compliance steps that may need to be taken should the “use” of an asset change.
Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.
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References:
The legislation for GST annual private apportionment can be found here (subsection 131-5). For changes to the LRBA rules, see this Bill.
contact us
Sydney: +61 2 9516 3382
Brisbane: 1300 546 770
OFFICES BY APPOINTMENT:
Lvl 34 Nous House, 60 Margaret St
Sydney NSW 2000
Lvl 12 Nous House, 259 Queen St
Brisbane QLD 4000
Mailing Address
PO BOX 617, Agnes Water QLD 4677
business@electrafrost.com.au
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