Capital gains tax (CGT) is a tax that is paid on profits made from the sale of assets, such as businesses, property, and investments. CGT can be a significant burden on small businesses, but there are a number of special concessions available to help reduce or even eliminate those pesky gains. This comprehensive guide will …
Demystifying Small Business CGT Concessions: A Comprehensive Guide Read More »
In the intricate world of taxation, the Goods and Services Tax (GST) stands as a remarkable reform that has revolutionized tax collection in many nations worldwide. Since its inception in various countries, including India, Canada, and Australia, GST has simplified tax structures, enhanced transparency, and fueled economic growth. In this in-depth exploration, we aim to …
Goods & Services Tax (GST): A Comprehensive Guide to Tax Reform Read More »
What Is the GST Margin Scheme? GST is levied on taxable supplies (including the supply of new residential remises). Ordinarily, GST is calculated on the total value of the supply, however, where the GST margin scheme applies, GST payable is calculated on the ‘margin’ rather than the total value of the supply which can lead …
