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June 26, 2014
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Andrew Lovett

Question:

Carrera Cup Round 4

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Tax Insights
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June 4, 2014
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Andrew Lovett

Question:

Going overseas – are you still a resident of Australia?

The question of residency is extremely important if you are going overseas. This is because the Australian tax system is based on residency...
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International Business
Personal Tax
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May 29, 2014
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Andrew Lovett

Question:

Save Tax: Travelling Expenses

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Save Tax
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May 29, 2014
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Andrew Lovett

Question:

Question: CGT - Main Residence

We purchased our Darwin residence in October 1988 and lived there until February 2002. We purchased a Queensland home in October 2001 and initially rented it out. From February 2002 until October 2002 we travelled around Australia and then moved into the Queensland home.Then in October 2003 we sold that Queensland home and purchased another. Our accountants have determined that we were liable for CGT on that Queensland home from the date of purchase until occupancy. We believed we were entitled to exemption because it was intended to be our main residence from purchase.We have heard that it is possible to have two family homes for a period of six months, thus we could claim there was no liability for CGT. Were our accountants correct? If no, how do we go about re-opening the issue?

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Q&A, Residence
Q&A
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May 28, 2014
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Andrew Lovett

Question:

Marriage split: Husband’s income details go to ATO

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Personal Tax
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May 22, 2014
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Andrew Lovett

Question:

Question: GST - Exports

We are a GST registered company as is our customer. We provide positioning services to our customers.A particular customer claims that the services provided are used in Papua New Guinea instead of Australia. This company is a GST registered company in Australia. Is GST applicable or will it be considered as GST-free supplies?

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Q&A
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May 22, 2014
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Andrew Lovett

Question:

Britain will tax non-residents selling UK residential property

The UK Government plans to apply capital gains tax where a non-resident sells UK residential property from April 2015, the start of the next English tax year...
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International Business
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May 15, 2014
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Andrew Lovett

Question:

Employers, companies, trusts and super funds to give bank account details to ATO

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Business Insights
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May 9, 2014
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Andrew Lovett

Question:

Carrying on a business?

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Business Insights
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May 8, 2014
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Andrew Lovett

Question:

No Second Chance on TV!

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Business Insights
Tax Insights
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May 1, 2014
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Andrew Lovett

Question:

LOVETTS Office fitout

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Lovetts Announcements
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April 23, 2014
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Andrew Lovett

Question:

Porsche Carrera Cup

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Lovetts Announcements
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March 21, 2014
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Andrew Lovett

Question:

N2C launched its 2014 youth safety program at Cleveland State High School this morning.

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Lovetts Announcements
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October 22, 2013
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Andrew Lovett

Question:

Save Tax: relocation costs

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Business Insights
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October 22, 2013
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Andrew Lovett

Question:

Many changes in the wind

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Tax Insights
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October 22, 2013
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Andrew Lovett

Question:

Self Managed Super Funds – Ever increasing complexities

Despite giving lip service to “red tape reduction” and setting up committees for that purpose, it seems that Governments and their associated bureaucracies cannot help themselves...
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Retirement Planning
Superannuation
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October 22, 2013
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Andrew Lovett

Question:

Question: travelling expenses

We are a motor vehicle dealership. If we were to fly a prospective buyer to the Sydney Motor Show for the day with one of our sales consultants, is GST applicable on the airfares, meals, taxis, etc? Or is it treated as non-deductible/non-GST expense? (i.e. an entertainment type expense).

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Q&A
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October 22, 2013
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Andrew Lovett

Question:

Are you a share trader or investor?

This is a perennial question. If you are a share investor, your shares are held on capital account and, provided you meet the...
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Business Insights
Personal Tax
Tax Insights

One idea, could help you save tax – let’s get creative.

Consulting Accountants  .  Taxation Specialists  . Business Improvement