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	<title>MDB Taxation &#38; Business Advisors &#187; Capital Gains Tax</title>
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	<description>MDB Taxation &#38; Business Advisors in Melbourne CBD</description>
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		<title>Foreign residents and the main residence exemption</title>
		<link>http://mdbco.com.au/foreign-residents-and-the-main-residence-exemption/</link>
		<comments>http://mdbco.com.au/foreign-residents-and-the-main-residence-exemption/#comments</comments>
		<pubDate>Mon, 16 Mar 2020 00:07:38 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
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		<description><![CDATA[Laws limiting foreign residents’ ability to claim the CGT main residence exemption are now in place. This means that if you’re a foreign resident for tax purposes at the time you sign a contract to sell a property that was your main residence, you may be liable for tens of thousands of dollars in CGT. [...]]]></description>
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		<title>Insurance payouts: are they taxable?</title>
		<link>http://mdbco.com.au/insurance-payouts-are-they-taxable/</link>
		<comments>http://mdbco.com.au/insurance-payouts-are-they-taxable/#comments</comments>
		<pubDate>Wed, 11 Mar 2020 03:23:24 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
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		<guid isPermaLink="false">http://mdbco.com.au/?p=2872</guid>
		<description><![CDATA[In recent months, parts of Australia have been battered by a combination of fire and floods. As people try to piece their lives together in the aftermath, insurance payouts can go a long way in helping rebuild homes and replace lost items. However, if you receive an insurance payout in relation to your business, home [...]]]></description>
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		<title>Selling shares: how does tax apply?</title>
		<link>http://mdbco.com.au/selling-shares-how-does-tax-apply/</link>
		<comments>http://mdbco.com.au/selling-shares-how-does-tax-apply/#comments</comments>
		<pubDate>Tue, 12 Nov 2019 22:56:57 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
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		<guid isPermaLink="false">http://mdbco.com.au/?p=2756</guid>
		<description><![CDATA[Whether you own just a few listed shares or have an extensive portfolio, understanding how capital gains tax (CGT) applies when you sell your shares can help you plan your trades effectively. If you trade shares on a scale that amounts to a business of share trading, talk to your tax adviser about the different [...]]]></description>
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		<title>Small business CGT concessions: when do I qualify?</title>
		<link>http://mdbco.com.au/small-business-cgt-concessions-when-do-i-qualify/</link>
		<comments>http://mdbco.com.au/small-business-cgt-concessions-when-do-i-qualify/#comments</comments>
		<pubDate>Sun, 10 Nov 2019 22:52:04 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
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		<guid isPermaLink="false">http://mdbco.com.au/?p=2748</guid>
		<description><![CDATA[CGT concessions allow you to reduce – or in some cases, completely eliminate – the capital gain from the sale of a business asset, whether it’s held directly by your business entity or in another related structure. What’s more, the concessions also allow you to make extra super contributions – sometimes up to $1,515,000 – [...]]]></description>
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		<title>Issues for businesses</title>
		<link>http://mdbco.com.au/issues-for-businesses-2/</link>
		<comments>http://mdbco.com.au/issues-for-businesses-2/#comments</comments>
		<pubDate>Sun, 23 Jun 2019 23:19:29 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Superannuation]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2569</guid>
		<description><![CDATA[Lower company tax rate From 1 July 2016, the income tax rate applicable to qualifying companies has reduced to 27.5%. For the year ending 30 June 2019, this lower tax rate now applies for companies with aggregated turnover of up to $50 million, as long as they satisfy the “passive income test”. Small business restructure [...]]]></description>
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		<title>Guidance on when a company carries on a business</title>
		<link>http://mdbco.com.au/guidance-on-when-a-company-carries-on-a-business/</link>
		<comments>http://mdbco.com.au/guidance-on-when-a-company-carries-on-a-business/#comments</comments>
		<pubDate>Wed, 08 May 2019 03:28:53 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2489</guid>
		<description><![CDATA[With reduced company tax rates available for some businesses in recent years, and changes in eligibility for capital gains tax (CGT) small business concessions, it’s become increasingly important for us to understand how the law and the ATO deal with concepts like “small business entity” and “carrying on a business”. New guidance is now available [...]]]></description>
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		<title>Property used for storage an active asset for small business CGT concession purposes</title>
		<link>http://mdbco.com.au/property-used-for-storage-an-active-asset-for-small-business-cgt-concession-purposes/</link>
		<comments>http://mdbco.com.au/property-used-for-storage-an-active-asset-for-small-business-cgt-concession-purposes/#comments</comments>
		<pubDate>Wed, 17 Apr 2019 03:38:55 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2474</guid>
		<description><![CDATA[The Administrative Appeals Tribunal (AAT) has decided that a property a small business owner used to store materials, tools and other equipment was an active asset for the purpose of the small business capital gains tax (CGT) concessions. The taxpayer carried on a business of building, bricklaying and paving through a family trust. He owned [...]]]></description>
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		<title>Reviewing the tax treatment of granny flats</title>
		<link>http://mdbco.com.au/reviewing-the-tax-treatment-of-granny-flats/</link>
		<comments>http://mdbco.com.au/reviewing-the-tax-treatment-of-granny-flats/#comments</comments>
		<pubDate>Thu, 31 Jan 2019 23:57:34 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2374</guid>
		<description><![CDATA[The Federal Government has asked the Board of Taxation to undertake a review of the tax treatment of “granny flat” arrangements, recommending potential changes that take into account the interactions between tax laws and the social security rules. This request for review is in response to the 2017 Australian Law Reform Commission’s report Elder abuse: [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>CGT on grant of easement or licence</title>
		<link>http://mdbco.com.au/cgt-on-grant-of-easement-or-licence/</link>
		<comments>http://mdbco.com.au/cgt-on-grant-of-easement-or-licence/#comments</comments>
		<pubDate>Tue, 04 Dec 2018 02:28:22 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
		<category><![CDATA[General News]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2340</guid>
		<description><![CDATA[Taxation Determination TD 2018/15, issued on 31 October 2018, considers the capital gains tax (CGT) consequences of granting an easement, profit à prendre or licence over an asset. In the ATO’s view, CGT event D1 (creating contractual or other rights) rather than CGT event A1 (disposing of an asset) happens when any of the following [...]]]></description>
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		<title>Tax on compensation received for inappropriate advice</title>
		<link>http://mdbco.com.au/tax-on-compensation-received-for-inappropriate-advice/</link>
		<comments>http://mdbco.com.au/tax-on-compensation-received-for-inappropriate-advice/#comments</comments>
		<pubDate>Sun, 11 Nov 2018 23:13:57 +0000</pubDate>
		<dc:creator>MDB News</dc:creator>
				<category><![CDATA[ATO]]></category>
		<category><![CDATA[Capital Gains Tax]]></category>
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		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://mdbco.com.au/?p=2310</guid>
		<description><![CDATA[On the heels of the banking and financial services Royal Commission, the ATO has published information about how tax applies for people who receive compensation from a financial institution that provided inappropriate advice and/or did not provide advice it should have. This can include compensation for the loss of an investment, or a refund of [...]]]></description>
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