This note provides a simple Q&A for most of the main issues from an economic and investment perspective. To the extent simple answers are possible in this environment.
The ATO has requested insurance policy information from 30 insurers for lifestyle assets such as yachts, thoroughbred horses, and fine arts.
Late in 2019, legislative changes were made that exclude non-residents from accessing the main residence exemption.
On Sunday 22 March, 2020 the Government released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws.
The yet to be legislated four part package focuses on business investment, sustaining employers and driving cash into the economy.
You’ve cracked enough backs, navigated enough tangled muscles, or smelt enough feet.
You will need to ask the right questions to ensure you are making a competitive offer on a property that meets your long-term needs.