As a Tax Advisor to small businesses that run Self-Managed Super Funds (SMSFs) I am aghast at the way our federal government and, in particular, Canberra bureaucrats treat this sector.
When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met. If the conditions are not met, the beneficiary might face a nasty capital gains tax (CGT) bill for their good fortune.
This is effectively any type of written statement regarding a person’s wishes for their future medical or healthcare treatment. Additionally it may formally appoint a person (decision-maker) who can act or speak on your behalf should you be unable to do so yourself due to illness or injury.
News Corp Australia has made a submission to the Australian Competition and Consumer Commission’s digital platforms inquiry to split up Google. It is believed to be the first time a major media company anywhere in the world has suggested Google be split into different businesses.