Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MORENew CGT changes tipped to impact Aussie expats, trigger 'property Armageddon'
Proposed legislation to deny foreign residents access to capital gains tax exemptions will see a mass sell-off of residential properties by 2019 and could unfairly target Australians who have moved overseas, one accounting network is predicting.
The Treasury Laws Amendment (Reducing Pressure on Housing Affordability Measures No. 2) Bill 2018 was put forward on 8 February 2018, aiming to remove the entitlement to the CGT main residence exemption for foreign residents from 9 May 2017 — the date of the federal budget announcement. The current law allows foreign residents to access the CGT main resident exemption in the same way as Australian residents.
Read the full article on Accountants Daily.
Previous
IPA hits back at proposed small business CGT changes
Next
Cyber security has 'never been more important' for super
Jim Chalmers warns budget revenue upgrades will be modest but flags...
Treasurer Jim Chalmers will say lower commodity prices and a softening labour market mean this year’s revenue upgrade...
READ MORE
QANTAS pays women 37% less, Telstra and BHP 20%. Fifty years after...
Men continue to outstrip women in the salary stakes, with men’s median annual salary $11,542 greater than women’s,...
READ MORE