You might have heard the term ‘bracket creep’ getting thrown around in the media when discussing the Stage 3 tax cuts. It’s all to do with marginal tax rates, wage increases and how they don’t account for inflation.
Whether you are a property owner, investor, or simply curious about the distinction of land tax in NSW, we are providing you with a detailled overview of what land tax is, what exemptions are available and key actions to keep in mind.
After the government announced changes to the Stage 3 tax cuts to give lower income earners more benefits, there is now momentum building to change other aspects of the tax system, such as negative gearing. Now that this idea is steadily growing stronger, its worth asking, how much does negative gearing actually cost the nation each year?
It’s official… The expected increase to the superannuation contribution caps from 1 July 2024 has been confirmed. The fact that contribution caps will increase, while the general transfer balance will not, creates unprecedented interest quirks.
Client Portal
