Main residence for part of ownership period Only a partial main residence exemption is available for a dwelling if it was the taxpayer’s main residence for only part of the ownership period. Generally, the full exemption is proportionately reduced by reference to the period for which the dwelling was not the taxpayer’s main residence (non-main… [Read More]
September Quarter Update – Good News is Bad News!
Despite relatively resilient economic data, falling inflation and major central banks either pausing rate hikes or signaling that they are close to the rate peak, financial markets have seen broad-based losses over the quarter. This was driven by large bond yield increases, which impacted valuations of equities and other rate-sensitive asset classes. This was a… [Read More]
Protecting Yourself from Cyber Criminals
Being vigilant against cyber threats is not just about protecting oneself from financial loss, although that remains a significant concern. It’s about safeguarding our identities, our personal information, and even our ways of life. The reality is that data breaches are not uncommon, and there are many other methods cyber criminals use to steal personal… [Read More]
Are You Getting Your Energy Rebate?
You’d be aware of the dramatic increase in energy prices over the last 12-18 months. The Federal and State governments have introduced the ‘Energy Bill Relief Fund’, which is a partnership between the Federal and State governments with up to 3 billion in funding to deliver relief directly to electricity bills. Generally speaking, it’s for people… [Read More]
June Quarter Update – High Rates Yet to Be Felt?
As we reflect on the financial year, the past 12 months have presented extraordinary challenges, most notably the unprecedented increase in interest rates, signaling a softening economy with the full brunt of the pain yet to be felt. However, amidst the heightened pessimism, both domestic and overseas equity markets have staged a remarkable recovery. This… [Read More]
March Quarter Update – Will there be a Recession?
The strong start to 2023 has continued despite the shock waves caused by the collapse of Silicon Valley Bank and Credit Suisse. Although equity markets did sell-off at the time, it was short-lived as major markets finished higher over March. The one area of consensus appears to be the view that the issues were largely… [Read More]