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Showing 1 - 10 of 11 results for "Granny flat"

Granny flat tax exemption to become law

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
... the budget announcement that the government would provide a targeted capital gains tax (CGT) exemption for formal granny flat arrangements. Assistant treasurer Michael Sukkar under the measure CGT will not apply to the creation, variation or termination ...

Budget commitment to aged care not good enough

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... support older Australians and their families by providing a targeted capital gains tax (CGT) exemption for formal granny flat arrangements. The new measure will also apply for people living with disabilities. Prior to the exemption, families faced a ...

Board of Taxation reviews granny flat taxes

ELIZABETH MCARTHUR  |  MONDAY, 1 APR 2019
The Board of Taxation has commenced a review into the tax implications of granny flat arrangements. The board has recently consulted with stakeholders from within the Government including the Department of Social Services, Department of Human Services ...

SMSFA turns up the heat on franking debate

HARRISON WORLEY  |  THURSDAY, 21 FEB 2019
... only counted in the last five years, so from between 60 and 62 give away half your money to your children and build a granny flat or upgrade your home and become a part pensioner," he said. "And this will be the sensible investment strategy. People will ...

New initiatives ready advisers for the future

JAMIE WILLIAMSON  |  WEDNESDAY, 5 DEC 2018
Two new joint ventures and an innovative study hub aim to help financial advisers overcome the challenges they face in the wake of the Royal Commission, meeting new education standards and the growing demand for aged care advice. knowITdigital is looking ...

Tax treatment of granny flats under review

JAMIE WILLIAMSON  |  FRIDAY, 30 NOV 2018
The Federal Government has requested the Board of Taxation conduct a review of the tax treatment of granny flat arrangements and outline potential reforms to assist the prevention of elder abuse. Under existing tax laws, a homeowner may have to pay ...

Spotlight on financial elder abuse

JAMIE WILLIAMSON  |  FRIDAY, 6 APR 2018
... received empowers them to make an informed decision. "In cases like this, a lot of financial advisers will recommend a granny flat arrangement for Centrelink purposes, but then legal advice might not be sought. The fact that there was a financial adviser ...

New wave of retirees to challenge advisers

KERRIE SYDEE  |  THURSDAY, 16 JUN 2016
... retirees to consider taking out a reverse mortgage, downsizing, renting, moving into a retirement home or building a granny flat. "Financial planners will be on the frontline and need to prepare themselves now for a wave of enquiries and requests for ...

Retired mothers need financial help

DARREN SNYDER  |  TUESDAY, 10 MAY 2016
... parents financially in retirement have made a change to their own housing situation to do so, whether through building a granny flat for one or both of their parents (17.9%), moving in with their parents (17.8%), or moving into a smaller dwelling (15.3%). ...

Budget 2013-14 wrap up

ALEX DUNNIN  |  WEDNESDAY, 15 MAY 2013
... as long as there are no withdrawals. People who are assessed as home owners who moved into a retirement village or granny flat will also have access to this exemption but it is not proposed to be available to those moving into residential aged care. ...
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