Q. When will a sale of a share of stock trigger a Capital Gains Tax (CGT)?

Q.  My mum passed away recently. Mum and dad purchased some Australian shares prior to September 1985. My dad died in 2002. I don’t have a copy of his will but I believe they owned them jointly, and when he died my mum was the beneficiary. She sold her shares last year and sadly passed later that year. The accountant […]

Q. How does the First Home Super Saver Scheme (FHSSS) work and how to take advantage of the incentive?

Q.  My partner and I are saving to buy our first home in the next few years.  Can you please explain how the First Home Super Saver Scheme (FHSSS) announced in the 2017 Federal Budget will work and what we need to do to take advantage of the incentive? From 1 July 2018, first home […]

Q. With the new financial year, my husband and I would like to take stock and focus on planning for the financial year ahead. How should we approach this?

Q. With the new financial year, my husband and I would like to take stock and focus on planning for the financial year ahead.  He is 52 and I am 50.  His income is $170,000.  I have returned to work 3 days a week and my part time income is $36,000.  We have two children; […]