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Articles
Player Management Fee Deductions
Can a Charity Operate a Commercial Activity?
Australian Citizenship Test
Tax Exemption for Terminal Illness
Payroll Tax Reminder
Anti-Money Laundering Update
Donations to Political Parties - No More
Budget 2008 - 2009
Lump Sum Payment Assessable as Income
Penalties for Recklessness in Preparing Business Activity Statements (BAS)
Superannuation Contributions on a payment in lieu of notice
New Home Savings Funds
Pensions & Share Market
Poison Pen - Expensive
New Home Savings Funds

 

Announcements (extremely brief on any substance) have been made about the intention to provide concessions on tax for savings commenced for new home buyers.


 

Lower rates of tax may apply on the earnings of these specially designated accounts and the withdrawal not subject to tax if used by a first home buyer.

Initial impressions are that it could be flexible enough to allow Parents/Grand Parents to assist their children in acquiring property, because the contributions do not have to be from the home buyer.

Watch for further updates.

 

 

 

 

 

 

 

 



18th-April-2008