Editor's note The ATO has subsequently advised that for the JobKeeper fortnights starting 28 September 2020 and 12 October 2020 only, employers will have until 31 October 2020 to meet the wage condition for all employees included in the JobKeeper scheme....
Australian House Prices [Infographic]
The misleadingly-named Foreign Resident Capital Gains Withholding rules now apply to transfers of Australian real property valued at $750,000 or more. This reduced threshold took effect on 1 July 2017 (previously it was $2 million). Who do these rules affect?
Going by the figures in our infographic, many Australian families unwittingly buying or selling their family home, people who are not even foreign residents, are unaware that the typical sale or purchase of a property is subject to these rules. As at June 2017, the median house price in Australia was $818,416 — well above the $750,000 threshold. The median prices in Sydney and Melbourne also exceed the threshold, and Canberra is not far behind.
Read our Foreign Resident Capital Gains Withholding article to understand how these withholding rules apply to both residents and foreign residents who are buying or selling property.
Want to share this infographic on your site?
The JobKeeper payment scheme – your questions, answered
TaxBanter is offering a tailored 1 hour online training session in which our expert trainers will guide your firm through the practical application of the JobKeeper package to your clients’ businesses.
Who is this session designed for?
Existing TaxBanter clients:
Coverage of the JobKeeper package will take place in your next scheduled training session. If you require training sooner, please contact us immediately to schedule an additional JobKeeper session ($770 per firm).
For other firms wishing to arrange a JobKeeper session, please contact us via email or phone us at 03 9660 3500 ($990 per non-client firm).
All sessions will be supported by comprehensive JobKeeper training material.