All parents want to provide for their children and hopefully create wealth to leave to them and their children, too. These days, with higher property prices, many people also want to help their children financially so they can buy their first home or property investment. However, sometimes these desires outweigh practicalities, such as tax planning…
Articles by Ken Raiss
Ken is director of Metropole Wealth Advisory and gives strategic expert advice to property investors, professionals and business owners. He is in a unique position to blend his skills of accounting, wealth advisory, property investing, financial planning and small business. View his articles
ASIC has released a warning – Info73, that in the event of the death, incapacity, or bankruptcy of a sole director company that: “During that period when there is no director, the company may be completely unable to operate. “With no one properly authorised to make management decisions or act for the company, it may…
Who doesn’t love their children? We often quickly think of passing our assets to our kids on death. But do we really know who will actually receive them? This is a modern-day conundrum. We don’t know when we are going to die, and as such, do not know our children’s circumstances at that time. They…
Are you a director of a company or maybe the director of the trustee of a trust or your SMSF? As part of a suite of amendments introduced by the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth) in June, all company directors will now be required to be identified by unique…
It’s a sad reality that our society seems to be more litigious than in years gone by. Thankfully, we’re not in the same parlous state like America, but there is a greater chance than before that you could become involved in legal proceedings that threaten your wealth creation efforts. While that might seem like a…
With our property markets performing strongly, many investors start to consider how they can outperform the general market and increase the value of their properties and their wealth. Sometimes, that involves renovating to boost its value and rental yield, and other times, after they have a few renovations under their belt, it involves developing a…
Australia is an entrepreneurial country of more than two million small businesses. Perhaps it’s our “give it a go” attitude that sees so many of us decide to take control of our financial futures. Of course, without small businesses, our economy wouldn’t exist given some 97 per cent of all businesses are classified as ones…
Australia is becoming a more litigious society with more people considering suing and more lawyers opting to take on their cases for no upfront fee. While the number of law suits in Australia is growing, we’re still a fair way from the situation in the USA, where people have a 33 per cent change of…
What are the Capital Gains Tax implications when you move out of your home and rent it out and then sell it? I love receiving questions from our readers -Victor sent in this one: “I moved out of my principal place of residence, which I’ve been in for seven years, and then rented it out for three…
Property investment is one of the best wealth creation strategies out there. In part, because it has a long history of solid performance, so is therefore relatively low risk. It’s important to understand, however, that it is not completely without risk. That’s because every investment opportunity has an element of risk. The trick is to…