Insights

Is your SMSF at risk while you're living abroad? Learn the critical rules regarding Central Management and Control, the 2-year temporary absence rule, and the Active Member test. We break down the tax implications of non-residency and provide strategic solutions like Enduring Powers of Attorney to keep your fund compliant.

The popularity of investing in cryptocurrencies has taken off over the last few years and whether you dabble in a little Bitcoin on the side or you’re a serious investor doing day trading of leveraged perpetual positions, there are likely tax consequences.  The question is, do you know what those tax implications are?   At the most simplistic level, as soon as you exchange Australian dollars (fiat currency) for a cryptocurrency (eg Bitcoin, Solana, Ripple) you are ‘purchasing

We’re Now an ATO-Approved DASP Intermediary

A common question we get from Australians with international ties is whether time spent overseas affects their ability to use carried-forward concessional contributions . The law is clear: residency or citizenship status is not relevant . What the Law Says Section 291-20(3) of the Income Tax Assessment Act 1997 confirms there are no residency or citizenship requirements  when accessing unused concessional contributions from the prior five years. Even if you were a non-residen

Ensure you are seeking the correct tax advice when drawing down your Canadian TFSA, RRSP, RESP or other investments.

As the financial year draws to a close, businesses—whether operating locally or abroad—face a crucial opportunity to optimise their tax...