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:
- Personal Deductible Superannuation Contributions: Understanding the rules surrounding deductible contributions to superannuation funds is of paramount importance. The age-based rules and the work test are not just statutory requirements but pivotal elements that could substantially affect your retirement savings and tax liabilities.
- Capital Gains Tax (CGT) Roll-over Concessions: In an economic landscape where asset management and tax planning are integral to business sustainability, knowing how to strategically defer capital gains tax can offer a competitive edge.
- Small Business Skills and Training Boost: How to make the most of government incentives aimed at skills enhancement.
- Retirement Concession and Capital Gains: How strategic financial planning can lead to significant tax benefits. If you are over 55 and considering liquidating assets or looking to channel gains into your super fund, this section provides valuable guidance.
- Property Development and Taxation: A recent Federal Court decision has set a precedent that could influence your tax deductions. Understanding these legal nuances is crucial for effective financial planning and compliance.
Click here to read the Rose Partners Rose Partners October 2023 Newsletter.
If you would like to discuss anything raised in the newsletter, please contact our Team