What is a capital gain?

A capital gain is the profit you have earned from the sale of an investment such as property or shares. In simple terms; the amount of the capital gain earned is calculated by deducting the cost of the investment from the sale proceeds you received. Conversely, a capital loss is incurred when the proceeds from the sale of the investment is less than what it originally cost you. If you…  Read more

Top 10 Tips for SMSF’s prior to 30 June

With the superannuation law changes taking effect from 1 July 2017, it’s more important than ever for SMSF trustees to get their affairs in order. 1. Valuations. From 1 July 2017, if you are accessing a retirement pension, you can only have up to $1.6 million net assets in your pension account. The limit applies to the total value of all your pensions and not per superannuation fund. If you also have…  Read more

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