12.06.25
Trending
What Is a Settlement Date?
You’ve found your dream home; now you’re eagerly waiting for the big day—settlement day! What is a settlement date? It’s the agreed-upon day when you pay the property’s purchase price in full, ownership transfers, the seller hands over the keys, and your homeownership journey truly begins. How Is the Settlement Date Decided? During the contract…
What Is a Reserve Price? A Buyer’s Guide
When you’re gearing up for an auction, one number holds the power to seal the deal—the reserve price. What is a reserve price at auction? It’s the lowest amount a seller will accept for their property at auction. If bidding doesn’t hit this figure, the property won’t sell, and the seller can negotiate with interested…
Reverse Mortgage Guide: Unlock Your Home’s Equity
Did you know your home could do much more for you in retirement than just giving you a roof over your head? With a reverse mortgage, you can tap into the equity in your home—the portion of its value you’ve paid off over the years—to fund your lifestyle, cover unexpected expenses, or enjoy greater financial…
What is Mortgage Protection Insurance?
You’ve just signed the papers for your dream home. You’re picturing family dinners in the kitchen, lazy Sundays in the backyard, and the joy of finally calling this space your own. But then a nagging thought creeps in…what happens if life takes an unexpected turn—an illness, an accident, or worse? How would your family keep…
Other Insights from Pherrus
-
ATO Crypto Rules and SGC Penalties: What Every Business Owner Needs to Know
When it comes to managing your tax and superannuation obligations, two areas that often cause confusion are the rules that the ATO have set for cryptocurrency and Superannuation Guarantee Charge (SGC) penalties. Both can have serious financial consequences if misunderstood, so it’s important to be clear on how the Australian Taxation Office (ATO) treats cryptocurrency,…
-
When Are Company Tax Returns Due in Australia?
Unlike the well-known individual tax return deadline of October 31, your company’s tax return deadline can vary. When are company tax returns due? That depends on your company’s size, tax status, and whether or not you’ve been granted extensions. Keeping track of due dates can be a hassle with everything else you’ve got going on…
-
Understanding Eligibility for the Main Residence Exemption
Selling a property in Australia can come with significant tax consequences, especially when it involves Capital Gains Tax (CGT). However, homeowners may be eligible for the main residence exemption, which can reduce or even eliminate any CGT liability on the sale of their primary home. Claiming the main residence exemption requires meeting specific conditions and…
