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Proprietor’s funds. Question: Can you direct me to where I might find more information on the definition of “drawings”? Answer: This is a commonly used term to indicate funds withdrawn from a business by its proprietors.…
Answer: This is a commonly used term to indicate funds withdrawn from a business by its proprietors.…
Super funds – CFDs. Question: Can a super fund invest in CFDs? If so, what is the value of the threshold? Answer: Contracts for Difference. or CFDs are a sophisticated and fairly high risk product available to investors and traders.…
However, the Tax Office considers the threshold for being classified as a trader high. Consider factors such as the scale of activity, commercial intent, and whether the activity is business-like.…
Private equity investors will miss out in the Government’s newly announced Investment Manager Regime designed to attract substantial funds from offshore for management within Australia.…
In March 2010 the Government released a proposal called SuperStream to introduce an industry wide electronic data and payment transfer system for superannuation funds but excluded self-managed super funds from the scheme.…
Employers, companies, trusts and super funds to give bank account details to ATO. FBT returns and tax returns for companies, trusts, super funds, body corporates will need to disclose the tax paying entity’s bank account details from July 2014.…
Self Managed Super Funds – Investment properties. A Self Managed Super Fund wanting to borrow to buy a property faces an unnecessary complication in that the property must be held by a separate company under a bare trust on behalf of the Super Fund.…
Save Tax: Self-managed Super Funds. If you are self-employed or employed by your own company or trust you can establish and manage your own superannuation fund at a moderate cost. Get your accountant or solicitor to arrange this for you.…
Many countries who relied on secrecy to attract investments and trade are now shedding their reputation as tax havens and providing details to other jurisdictions.…