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Accounting & Bookkeeping

Latest Questions

Karen M.
Karen M.
Travancore, VIC
4 Likes
0 Followers
Q:

Hi,
I am over 55 and am planning on withdrawing my uk pension pot, value approx £20,000, and bringing into Australia. I would like to keep half in cash and pay the other half into my Super. The pension has grow by about £8,000 since we became residents. My question is -will I pay any extra tax other than the 15% concessional tax if I pay £10, 000 into my super as a personal contribution ? Am I correct in thinking that the £12,000 value before coming to Australia will be tax free? Thanks, Karen

4 days ago
Lou C.
Lou C.
Liverpool, NSW
1 Likes
0 Followers
Q:

I bought a property in 05 as owner occupied. Lived in it for 4 years but subleased it out from year 2 onwards then fully leased out from year 5.
It is now not recorded as rented out as my relatives are living there for free. I'd like to now sell it to a relative at the cost of the loan balance, first 12 years of mortgage as a gift, which is about half the market price. How do I minimise cgt in this case?

2 weeks ago
Samantha W.
Samantha W.
Wagga Wagga, NSW
1 Likes
0 Followers
Q:

We are moving in with my inlaws who are no longer able to care for themselves. We are considering whether to sell or lease out our house?
Financial situation:
House value $215000 (fully paid off) est weekly rent $270
Savings $60000
My husband is going to go back to uni and I am caring for his parents and our daughter so our combined income will be:
Study allowance $215 + $170 family tax + $300 carer payment per week

2 weeks ago
Michael J.
Michael J.
Thornlands, QLD
2 Likes
0 Followers
Q:

Hi I'm in need of some help in finding some info small business for centre Link. I need to gather up some paper work in which I have no clue where to get it from or where to start ? Since I have just got my abn just to get some money from a company now want use it again. I can't supply all the docs but they want this info which the ato don't even no we got the Abn yet til next yr maybe.

3 weeks ago
Q:

Hi, I'm looking at establishing a business in alternative therapies - likely as a Pty Ltd (to access protection from individual liability). I want to purchase some equipment via the business and need to know what order of events is important to accessing taxation concessions. Do I need to establish the business as a Pty Ltd prior to purchase or would it be sufficient to simply register a business name? Thanks

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