Month: April 2018

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Dealing With Tax and Renting Via Airbnb

By Warren Kruger / April 22, 2018 / 0 Comments

Airbnb is one of many examples of the “sharing economy” — connecting buyers (users) and sellers (providers) through a facilitator that usually operates an app or a website. Airbnb acts as this facilitator by allowing individuals, referred to as “hosts”, to rent out a room of their house or their whole house for a short-time […]

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Duties and Taxes When You Buy Online From Overseas

By Warren Kruger / April 15, 2018 / 0 Comments

Items that you buy over the internet from an overseas source are generally required to abide by the same rules and screening processes that apply to any other “import”. Also the usual duties or taxes should apply. Customs duties are regulated by the Department of Home Affairs (a recently formed body from December 2017, which […]

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SMSF Commutation Requests – How to get the green light from the ATO

By Warren Kruger / April 8, 2018 / 0 Comments

The ATO has issued guidance on its approach to commutation requests, which is an essential piece of information for SMSF trustees because it explains which commutation requests will not be subject to an ATO review. With recently introduced superannuation rules now in effect (from 1 July 2017), superannuation members with income streams that are valued […]

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Bitcoin: Its place in your wallet or SMSF portfolio

By Warren Kruger / April 3, 2018 / 0 Comments

While bitcoin may be the most well-known cryptocurrency, there are nearly 1,500 in existence. In its simplest form, a cryptocurrency is a “peer-to-peer electronic cash system”, which means that the currency is not in a physical form like cash but sits in an electronic register. What makes bitcoin work, where previous attempts at electronic cash […]

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