Under the big tax changes announced in the May Budget, and now law, the generous 50% CGT discount will no longer apply from 1 July 2027 and will be replaced by the inflation-based “indexation” (except in limited circumstances). However, it will still be available for the capital gain on an asset that accrues up to…

If you have spare cash you may be wondering how best to use it. Those with a mortgage often prefer to use surplus cash to pay down their mortgage. With rising interest rates and greater economic uncertainty this can be a wise choice.  However, can contributing spare cash to super give you a better outcome?…

Plenty of people run a business from home. If you do, there are important tax consequences attached to using part of your home as a place of “business”. And for these tax consequences (both good and bad) to arise the Tax Office (and Courts) have taken the view that the part of your home used…

Since 10 August 2026, SMSFs can no longer use a Limited Recourse Borrowing Arrangement (LRBA) to acquire residential property. Existing arrangements are grandfathered, and borrowing to acquire business real property is not affected. Co-ownership may be a solution for SMSFs without enough cash to purchase a property outright. However, keep in mind the rules are…

With house prices falling in some major capital cities, you may be looking to buy a home – either as a first home buyer or otherwise.  In this case, there are a few important Capital Gains Tax (CGT) matters to take into consideration. Firstly, there is the rule that a home will only qualify for…

Capital gains tax does not just apply to “big ticket” items such as real estate, farms and shareholdings. It also applies to a special class of assets known as “personal use assets”, and in particular, those personal use assets known as “collectables”.  “Collectables” are specifically defined under the tax law to mean the following items that are “used or kept mainly for your personal…