Changes to NSW Duty from 1 July 2016

As the end of the financial year draws so near, this is a reminder regarding the pending changes to NSW Duty, which come into effect from 1 July 2016, and specifically, how they will impact SMSF limited recourse borrowing arrangements. On and from 1 July 2016 the following duties will be abolished: duty on mortgages; […]

Cars and tax
Cars and tax

From 1 July 2016 the following car threshold amounts apply. Income tax There’s an upper limit on the cost you use to work out the depreciation for the business use of your car or station wagon (including four-wheel drives). You use the car limit that applies to the year you first use or lease the […]