Blog

hugo wong hugo wong

Marriage/Relationship breakdown and Capital Gain Tax.

Normally capital gains tax (CGT) applies to any change of ownership of an asset. However, if you’ve previously transferred an asset to your spouse but have since separated, you may be eligible for a rollover of the asset.

Read More
hugo wong hugo wong

Proof of identity documents to apply for TFN

To apply Tax File No, you are required to provide all the proof of identity documents. Without the original document or certified copies of your proof of identity documents, ATO won’t issue a TFN.

Read More
hugo wong hugo wong

Budgeting for young adults

It seems that people aren’t taught on how to build up wealth for the future. Having a budget is a good start to keeping track of where your money goes, and how your wealth accumulates over time.

Read More
hugo wong hugo wong

Does carer's payment count as taxable income?

Carer payments is tax-free but you still need to declare them in your tax return. ATO use this information to work out if you are eligible for any government benefits or concessions and tax offsets.

Read More