April 2021: Money not considered income by ATO and more …..

When it comes to selling property and CGT liabilities, the timing of the transaction can be more important than many expect. We also look at the fact that not every type of income is taxed, with some money escaping tax altogether. 

There are new insolvency reforms that could help some small businesses in their climb out of the COVID-19 bunker. We cover the deductibility or otherwise of the costs of re-financing a partnership, and provide some tips on managing your super fund’s transfer balance account. 

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

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