April 2024 Newsletter

Welcome to this month’s issue of our newsletter. Our aim is to keep you informed about current tax and superannuation related matters.

This month we look at:

  • Six Super strategies to consider before 30 June: With the end of financial year fast approaching, now is a great time to boost your superannuation savings and potentially save on tax.
  • Important tax residency issues to consider: What happens from a tax point of view when a person leaves Australia part way through the income year?
  • Family companies and the many tax traps: If you own a family company, then it is very important how you receive and treat payments made from the company to you.
  • Selling your home to a developer? Beware the tax consequences: If you find yourself being approached by a developer to sell your home or rental property, go see your tax professional.
  • The tax treatment of compensation payments can be tricky: If you have received an insurance payout for damages to commercial or rental property, it is vital to see your tax professional to help assess how the compensation is treated.
  • Mortgage vs Super: Where should I put my extra cash? As with most financial decisions, there is no one-size-fits-all approach as it depends on a number of factors for each individual.

Click here to read the Rose Partners April 2024 Newsletter.

If you would like to discuss anything raised in the newsletter, please contact our Team.

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