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A home for tax nerds.

Hi, I’m Ken. Being a stay at home Dad to two amazing boys and one awesome wife is wonderful, but it does keep me away from my fourth love – TAX. So here I write on what is happening in tax that exits me, and hopefully it will excite you as well…

Labor’s new super tax applies to Unrealised Capital Gains… Crazy!!!

Bob has his $1.85m farmland in his SMSF and $150,000 in cash (from renting the farm land to the business). The Government decides to rezone the area residential, and his land is now worth $5 million. He has no earnings on the cash, no contributions, no withdrawals but his earnings are $3 million ($5 million…

More info on the proposed super changes from 1 July 2025

A little more clarity… Individuals with total superannuation balances over $3 million at the end of a financial year will be subject to an additional tax of 15% on certain earnings. Earnings are calculated by the difference in total superannuation balance at the start and end of the financial year, adjusting for withdrawals and contributions.…

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