Capital Gains Tax (CGT) is the tax that you pay on profits from an investment. Many people encounter the CGT rules in relation to property, but it doesn't apply to your main residence. In other words, you can make as much money as you like on the sale of your main residence, and you will pay no tax on that profit. In general, you are only allowed one main residence - that makes sense,
If you have private health insurance, you are probably eligible for a rebate from the government. The scheme has been in place for a few years now, although the amount of the rebate varies according to your income level and age.
The death of a loved one not only causes grief and mourning, but may also burden you with the responsibility to settle affairs. Don’t let this paperwork overwhelm you as you cope with your loss. A solicitor can help you administer the estate. You can contact me to ensure everything goes smoothly with regard to your loved one’s tax affairs.
New changes have come into effect for the new fiscal year, and many more are simply awaiting approval. Be aware of the following changes to tax legislation, effective as of 1 July 2014.
