Answers to COVID-19 work-from home expense questions and CGT concerns

Newsletter - May 2020Inside this issue:
  • Answers to COVID-19 work-from-home expense questions and CGT concerns
  • Your business and the JobKeeper scheme
  • Alternative turnover test for JobKeeper released
  • COVID-19 instant asset write off and accelerated depreciation
  • Early release from super a relief, but comes with risks
  • Here’s what attracts the ATO’s attention about luxury car tax
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Chinese buyers are getting ready to flock back into Australia’s ‘cheap’ property market – with one city emerging as their clear favourite

Chinese have ranked Australia as their number one destination to buy property, with 27% of tourists telling Chinese portal Juwai they’ll consider buying a property on their next overseas trip.Of the Australian cities, Melbourne was ranked by almost half of all Chinese buyers as their top pick. Sydney and Brisbane, with Brisbane singled out for its more affordable market.After a couple years of declining Chinese activity in the market, renewed interest could lead to a boom in prices, with the depreciation of the Australian dollar securing an 11.1% discount for Chinese buyers.(more…)
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