July 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:

  • Division 293 tax – will you be caught? If you’re a high income earner, you may soon be asked to pay an extra 15% tax on the amount of concessional contributions that exceed the $250,000 threshold.
  • The fine line between property development and “merely realising an asset”: The tax consequences between property development and “merely realising an asset” are entirely different.
  • The CGT main residence exemption concessions are very useful: And these concessions can be extraordinarily useful depending on a person’s particular circumstances.
  • The secret life of TFNs: How does the tax return software know what is, and what is not, a valid TFN?
  • Can I add to my super pension? The short answer and alternative solution.

Click here to read the Rose Partners July 2024 Newsletter

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

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