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Did You Know

GST - The end of the going concern exemption.

 

Presently if you buy a business or an occupied commercial property, and both the vendor and purchaser agreed and were both registered, there would be no GST payable. This not only had  the cashflow advantage but also there was no (state) stamp duty levied on the GST. 

 

 

   

Please click the link below to view our June 2010 Newsletter with information regarding the 2010 Budget

Budget 2010
Following are the main tax measures announced in last month's Federal Budget, in addition to those already announced as part of the response to the Henry Review
- 50% discount on tax on interest income
- Increase in the net medical expenses tax offset claim threshold
- Change to First Home Saver Accounts
- Changes to the super co-contribution


Click here to view the complete - June 2010 Practice Newsletter

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