Welcome to this month’s issue of our newsletter. Our aim is to keep you informed about current tax and superannuation related matters.
This month we look at:
- The importance of “Tax Residency”: Whether you are a resident or non-resident of Australia for tax purposes has significant consequences for you.
- Changes to preservation age: Since 1 July, the age at which individuals can access their superannuation has increased to 60. What does this mean for those planning on accessing their superannuation upon reaching this age?
- CGT and foreign residents: Complex rules apply!
- Selling a small business operated through a company: Sell the shares or sell the assets?
- Spouse contributions splitting: Splitting superannuation contributions to your spouse can be a great way to boost your combined superannuation balances which can benefit you both in retirement.
Click here to read the Rose Partners August 2024 Newsletter
If you would like to discuss anything raised in the newsletter, please contact our Team.
