Is your family home really tax free?
The main residence exemption exempts your family home from CGT when you dispose of it. However, it's not that simple.
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Collins Hume
- Jun 11
Should you be the ‘bank of Mum & Dad’?
Should you help your kids buy a home? Any support must not risk your financial security — that means looking at what you can afford.
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Collins Hume
- May 15
2024-25 Federal Budget
This is a pre-election Budget with everyone getting a little something to ease cost of living pressures.
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Collins Hume
- Apr 2
Super contribution caps increase from July
From 1 July the amount you can contribute to super will increase. Read how to take advantage of the change.
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Collins Hume
- Jan 22
Property Tax case decision
The Tribunal found in favour of a taxpayer who sold the apartment she lived in for a loss, then claimed the loss as a deduction.
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Collins Hume
- Aug 28, 2023
Thinking of subdividing?
New guidance from the ATO walks through the tax impact of small-scale subdivision projects. We look at some of the leading issues.
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Collins Hume
- Jun 1, 2023
Tax planning for your business
It’s that time of year when we all look at what last-minute things we can do to maximise tax savings.
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Collins Hume
- Apr 26, 2023
Company money
We look at the flow of money in and out of a company and the problems that trip up business owners.
30 views
Collins Hume
- Apr 24, 2023
When was the last time you updated your will?
Having a will is not enough — it's essential to review it regularly and update it to reflect any changes in your circumstances or the law.
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Collins Hume
- Feb 28, 2023
ChatGPT tax trial
We took ChatGPT for a spin to test the results. Don't panic; our trial demonstrates that good advice from your accountant is still a must.
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Collins Hume
- Jul 25, 2022
Tax and the family home
We take a look at the main residence exemption that excludes your home from CGT and the triggers that reduce or exclude that exemption.
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Collins Hume
- Feb 28, 2022
Professional Services Firm Profits
The ATO’s finalised position on the allocation of profits from professional firms starts July 2022 with two gateway tests.
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