February 2018: Key Factors for Rescuing a Bad Debt Deduction

For a business owner, the issue of bad debts can be bittersweet — yes you’ve missed out on revenue, but at least there’s some tax relief. We look at the conditions necessary to access such consolation. On another financing matter, we touch on the particular considerations necessary when refinancing a partnership.

Property investors have recently lost eligibility to certain deductions, so we run over what’s changed. And also in the real estate arena, consideration is given to property development undertaken via an SMSF, as well as retention of the main residence CGT exemption where the land on which a primary residence sits expands through acquisition.

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Please contact us for clarification, or further advice, regarding any of the topics covered in this newsletter.

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