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When clients sell a long-held family home, they may be able to channel part of the proceeds into superannuation by using the downsizer contribution rules.
For many Australians, a holiday home does double duty. It’s a place to escape with family and friends, and during the rest of the year it’s listed on Airbnb or Stayz to help cover the costs. However, new draft guidance makes it clear that the days..
Utilising an investment company can offer several advantages for high-income earners and long-term investors, including tax efficiency. In this article we explore the tax and other benefits that are becoming increasingly popular in Australia.
At WLM we have many clients who are either passionate about the Arts or are Artists themselves. The pursuit of Art has its own tax peculiarities and especially around donations.
WLM is proud to share an inspiring story from our long-term client, Australian artist Peter Day, whose latest project unites art, science, and environmental awareness.
As the urban sprawl continues in most major Australian cities, we are often asked to advise on the tax treatment of subdivision projects. Before jumping in and committing to anything, it is important to understand the tax liabilities that might..
As part of the plan to discourage foreign "land banking", significant changes have been announced regarding foreign investment in the Australian property market.
Beyond the difficult task of dividing up your assets and determining who should get what, it’s essential to look at the tax consequences of how your assets will flow through to your beneficiaries.
Own an investment property or an expensive lifestyle asset like a boat or aircraft? The ATO are looking closely at these assets to see if what has been declared in tax returns matches up.
Are you in the process of purchasing a piece of land with someone and have the intention of developing the land and subdividing it? Well, here’s what you need to know to avoid an unnecessary tax along the way.
