Modoras Blog

We’re pleased to offer our latest insights here in this blog. I hope you find these items cover the many facets of your financial life.

Jita Sarai
Jita Sarai Jita Sarai and the entire Modoras Team
Federal Budget 2018 Other Proposals

Federal Budget 2018: Other Proposals

9 May, 2018 by Tony Sarai // Risk and asset protection

Federal Budget 2018 Initiatives: Other Proposals Tax integrity measure for testamentary trusts   Tax integrity measure for testamentary trusts Effective 1 July 2019 Concessional tax rates for minors receiving income from a testamentary trust will be limited to income derived from assets transferred from a deceased estate or proceeds from the disposal or investment of those […]

Federal Budget 2018 Social Security

Federal Budget 2018 – Social Security

9 May, 2018 by Katerina Sousalis // Wealth Management

Federal Budget 2018 Initiatives: Social Security Pension Loan Scheme increase to maximum payments Increase in residential aged care funding Providing better access to aged care Pension Loan Scheme increase to maximum payments Effective 1 July 2019 The Pension Loan Scheme allows eligible individuals to access some of the equity in their home or other property […]

Federal Budget 2018 Superannuation

Federal Budget 2018: Superannuation

9 May, 2018 by David Armstrong // Financial Planning

Federal Budget 2018 Initiatives: Superannuation 3 Year audit cycle for some SMSF SMSF Membership increasing to a maximum of 6 Super exit fees banned ‘Opt-in’ for Insurance in Super   3 Year Audit cycle for some SMSF Effective 1 July 2019 Some SMSFs will be allowed to move from an annual to a three-yearly audit […]

Federal Budget Tax Investors

Federal Budget 2018: Tax (investors)

9 May, 2018 by Pete Hetherington // Investments

Federal Budget 2018 Initatives: Tax (investors) Removing the capital gains discount for managed investment trusts Deductions denied for vacant land Removing the capital gains discount for managed investment trusts Effective 1 July 2019 Managed Investment Trusts (MITs) and Attribution MITs (AMITs) will be prevented from claiming the 50% capital gains discount at a trust level […]

Federal Budget 2018 Tax Budget

Federal Budget 2018: Tax (business)

9 May, 2018 by James Morris // Accounting

Federal Budget 2018 Initiatives: Tax (business) Small Business instant asset write-off extended CGT Concession integrity measure introduced Small Business instant asset write-off extended Effective 1 July 2018 Until 30 June 2019, small businesses with aggregated annual turnover of less than $10 million may continue to immediately deduct purchases of eligible assets costing less than $20,000. […]