Understanding the 6-Year Rule for the Main Residence Exemption from Capital Gains Tax
by Nick Allen For Australian tax residents, any gain on the disposal of your main residence is protected from capital gains tax. Simply put, the profit you make on the sale of your home is generally tax free. It is important to note that you can only have one main residence at a time, and […]
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Update On The Proposed Changes To The Tax On Super Balances Over $3million
by Luke Quinnell There has been a significant announcement today (13th October 2025) from the government regarding the proposed superannuation tax reforms on balances over $3million. The two most controversial aspects, being the taxing of unrealised gains and no indexation of the $3million threshold will both be removed. The original intent remains (i.e. to tax super […]
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SMSF Property Valuations: Why Obtaining An Accurate Market Value Is A Yearly Requirement
by Luke Quinnell Self-Managed Superannuation Funds (SMSFs) are subject to strict compliance obligations. For trustees who hold property within their SMSF, one of the most important—and often misunderstood—responsibilities is ensuring the property is reported at its market value every financial year. While many in the industry still refer to an outdated “three-year valuation rule,” property […]
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Proposed Superannuation Changes: What You Need to Know
by Luke Quinnell Since the election, the government’s proposed changes to superannuation have received heavy coverage in the mainstream media, with many commentators voicing concern. While most people agree that imposing extra tax on super balances over $3 million is reasonable, there are three highly controversial elements: Tax on Unrealised Gains: This means being taxed […]
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Super Guarantee Payments – How To Stay Out Of The ATO’s Crosshairs
by Luke Quinnell The ATO highlights that they “take a firm approach on the non-payment of super”, and this applies even if you are the only employee of your business! Here’s how to stay out of the ATO’s crosshairs. We have noticed a substantial increase in ATO compliance action around superannuation guarantee payments. With the […]
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