Professionals

We recently enjoyed an insightful session with Dom Guiliano –  Deputy Chief Investment Officer at Magellan Asset Management, a specialist investment management business based in Sydney managing global equities and global listed infrastructure strategies. Here we share some of Dom’s key points from his presentation. As prudent investors, we cannot ignore the technological developments that are almost certain to provide... Read more

  By Tricia Williams, Manager – Edney Ryan Mortgage & Finance Renovating your home or investment property can be a wonderful way to make it more appealing to buyers and increase its overall value. However, there’s a fine line between spending money to make your property more appealing and overcapitalising on your renovations. In this article, we look at overcapitalising.... Read more

Each year we compile current tax rates and key superannuation data in our handy quick reference guide. You can request a hard copy by phoning (02) 9908 9888, email marketing@edneyryan.com.au or view the booklet online here.

This existing withholding tax assists the collection of foreign residents’ Australian tax liabilities. Where a foreign resident sells certain taxable Australian property, the purchaser is required to withhold an amount from the purchase price and pay that amount to the ATO (see our previous article on this topic). Australian residents selling real property will need to obtain a clearance certificate from... Read more

NSW Home Affordability Measures The NSW Government has announced a number of measures designed to improve housing affordability across NSW from 1 July 2017. Some of changes in the housing affordability package will affect foreign residents purchasing residential property in NSW. Stamp Duty Surcharge Increases: Foreign residents already pay a 4% surcharge on stamp duty. This will double to 8%.... Read more

            One taxation strategy is to prepay the interest on a loan for the next 12 months and claim a tax deduction in the current financial year. Prepaying interest is a way of bringing forward a tax saving that would have been claimed the next financial year. The maximum prepayment period allowed is 12 months The... Read more

With the EOFY just days away it’s time to get your tax affairs in order. Here are our top 10 tax planning tips to get you started. 1. Small Business Assets Now might be a great time to purchase a new computer or work car. The 2017 Federal budget gave small businesses (with a turnover less than $10 million) a 12-month... Read more

  Changes to the superannuation rules will come into effect on 1 July 2017. Hopefully you have already received comprehensive financial advice to ensure you are ready for the many changes from July 1, including the significant $1.6 million cap on tax-free superannuation. Here’s some final steps you can take, where appropriate to your individual circumstances, before 30 June to... Read more

Each year it is fascinating to observe how the Budget is received. Most commentators subjectively assess the Treasurer’s efforts by how they, or their interest group, is expected to be impacted. But is it possible to assess a budget more objectively? According to the stock market and rating agencies the Treasurer has done a reasonably good job. The ASX is... Read more

Super Changes #1: New Cap on Tax-Free Super From 1 July 2017, the Government will introduce a $1.6 million cap on the total amount of superannuation that can be transferred into a tax-free retirement account. Superannuation Balance Greater than $1.6 million? If you are planning to retire after July 2017 and you have a superannuation balance greater than $1.6 million... Read more