You’re likely in the spirit of giving this Christmas, but how’s this for generosity … Graziella Leong, an elderly supermarket matriarch in Vanuatu sent her Australia-based brother nearly $33 million in gifts over 10 years. Australia’s tax office claimed the money was “income” and wanted its cut, but a federal court judge has found […]
Currency Hedging
If your portfolio contains assets held in a foreign currency, there is a risk that returns might be impacted by fluctuations in exchange rates. As a result, it can be worthwhile knowing how currency fluctuations impact returns. But what exactly is currency hedging, and is it worth the extra costs? How do currency fluctuations affect […]
Airbnb and Tax – is it even worth it?
We are living in the era of a ‘share economy’ where access to goods and services can often be peer-to-peer, facilitated by apps and online platforms. Airbnb is reportedly worth around $31 billion dollars according to Forbes and it’s easy to see why. There are nearly 5 million lodging options and that number is not […]
Are Gifts Taxable?
Are gifts taxable? I am frequently asked the questions, what are the tax implications of giving money away? If I receive money as a gift, do I need to pay tax on it? The answers are varied. The most recent that I heard was in a meeting with someone who mentioned their tennis partner told […]