Reddit user says mother received ₹50L cash from inherited property sale; experts explain ITR rules, possible penalties
A Reddit user recently claimed that their mother inherited a property from her own mother and later sold…
‘It’s a draft proposal’: Albanese government denies gas tax plans despite clause in draft National Platform
The Albanese government has denied it plans to implement a new gas tax despite a clause in Labor’s…
Budget black hole: Victoria’s budget surplus to be ‘wiped out’ Labor’s negative gearing tax changes
Victoria’s budget is set to worsen, with the Albanese government’s negative gearing and capital gains tax changes expected…
The Case for Holding VOO in Your Roth IRA
Quick Read VOO’s 0.03% expense ratio and 1.2% yield save a $500,000 Roth investor roughly $900 annually in…
Downsizing No Longer Pays Off for Some Retirees—So They’re Upsizing To Give Their Kids an Early Inheritance
For decades, downsizing was both a practical and financial rite of passage for retirees and empty nesters. Sell…
‘Exodus of talent’: Kogan.com CEO Ruslan Kogan’s dire warning for country over Labor’s planned tax overhaul
An Australian entrepreneur has warned of a potential “exodus of talent” over Labor’s proposed tax changes – which…
Bank of America economists warn Australia’s house prices will continue to fall as ‘correction’ talk amplifies
Australia’s housing market has become so overheated that it is now attracting the attention of some of the…
Centrelink exemption for millions to see more Aussie retirees seek pension to avoid CGT hit: ‘Sharp divide’
The government has exempted income support recipients, such as those on the Age Pension and JobSeeker, from the…
Labor leaves door open to an additional trust tax exemption
Labor has not ruled out exempting a type of trust used by some Australians to distribute inheritance from…
Scrapping CGT discount would leave start-ups “with nothing to inflate off”
Labor Cabinet Secretary Andrew Charlton has conceded the capital gains tax reforms pitched in the latest budget do…
First home buyers buoyed by negative gearing, capital gains changes at first Saturday auctions since budget
Hundreds of auctions got underway across the country on Saturday, with prospective first home buyers buoyed by the…
The NUA Strategy Retiring Executives Use to Cut Taxes on $500,000 of Company Stock in Their 401(k)
Quick Read Apple (AAPL) executive avoids $38,000-$78,000 tax bill using NUA: 15% capital gains on $420,000 appreciation instead…