Goods and Services Tax (GST) – a short snapshot!
GST was introduced in Australia on 1 July 2000. It is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. The 10% rate is relatively low compared to other countries (15% in New Zealand and 20% in United Kingdom). GST replaced the Wholesale Sales Tax (WST), and […]
Negative Gearing & Capital Gains Tax (CGT) Discount: What Changes Could Mean for Your Finances
We are hearing a lot of political talk at the present in relation to Negative Gearing and Capital Gains Tax. So here is a brief update on the basis of these policies. With next year’s federal election just around the corner, two key areas of taxation will be a hot topic up for debate. Negative […]