NEWS

If all members of a fund are in pension for the whole of the year, then all of the fund's income, including assessable capital gains, is exempt current pension income and there is no tax to pay. David Busoli, principal for SMSF Alliance, said he was recently asked a question about what gains may be assessable in a two-member fund. In the SMSF in question, one of the members has been wholly in pension since July 1 and the other in accumulation. The accumulation member intends

Travel expenditure incurred by individual investors inspecting and maintaining residential investment properties is not deductible. However, Michael Hallinan, special counsel for SUPERCentral, said that expenses incurred by an investor to engage third parties such as real estate agents to provide any necessary property management services is deductible. “While this is ‘old’ news, it’s still news to some planning to buy investment property interstate,” Hallinan said. “Purchasi

The Reserve Bank has announced its cash rate decision for the December monetary policy meeting. The Reserve Bank of Australia (RBA) has decided to hold the cash rate at 3.6 per cent during its final monetary policy meeting for the year, a move that was widely expected by market analysts. Today’s decision marks the third consecutive cash rate hold for 2025, with a total of five cash rate holds during the year and 0.25 basis point cuts enacted in February, May and August. The l