Tax cuts received most of the attention in the May 2018 Budget, which meant some quiet tweaks to superannuation and retirement income were drowned out in all the noise.
Most SMSF trustees thought life would be calmer after the latest batch of superannuation reforms came into force, but things are never that simple when it comes to superannuation.
Superannuation could be about to undergo more change with the federal opposition announcing it will end cash refunds of franking credits on share dividends if it wins the next election.
The tax implications of redeveloping your property
Following the flurry of new tax rates and superannuation (super) changes that commenced on 1 July 2017, the Australian Tax Office (ATO) has moved back into more traditional territory with its announcements in the new financial year. Here’s a roundup of what’s new in the tax world: