u/inverloch72

3 siblings. Their parent's will left the family home to the 3 siblings in equal shares as tenants in common. To this day, the title to the home is in the name "The estate of [parent]".

One child, William, continued to live in the house until his death recently. William never married, never had children, no dependents. In his will, he left his estate to his two siblings.

The 2 siblings both predeceased William, and their estates have been wound up.

What happens now? Do the executors of William's estate have to distribute to the beneficiaries of the sibling's will? Or do the estates of the siblings someone remain "live" and the executors of William's estate distributes to the two estates of the siblings?

I have FSD and am becoming increasingly frustrated with the car deciding it knows best when it comes to speed limits. Some signs, the car observes and adjusts speed accordingly. But others the car will happily ignore the posted speed limits and make it's own decisions. Recently I found myself doing 101 in an 80 zone.

Tesla explains: Our technicians have confirmed the vehicle is pulling speed limit data from an Autopilot maps server, resulting in the vehicle driving at speeds that may not be displayed on the roads you're travelling on.

The car correctly reads the speed signs and displays the appropriate speed on the screen, but the "Autopilot maps server" would seem to take precedence and is very out of date in some cases.

This is a major and dangerous weakness. Consider a case where temporary works are suddenly taking place and temporary speed reductions are posted. With FSB pulling speed limit data from the Autopilot maps server, the car may blast through those zones - at risk to workers, and risking demerits and big fines.

Would seem to be a simple rule-set: If there's conflict b/w Autopilot maps server and the speed signs the car is observing, default to the observed speed signs.

Also, it would be great if the right hand steering wheel dial could be configured:

• Left-Right: Switch b/w Sloth/Chill/Standard/Gurry
• Up-Down: Manually set the maximum speed

Access through Computershare and you're good to go for your tax!

Hello experts. I just received my DHHF tax statement and it shows the following:

• Share of income from trusts (13U) $51.70 *
• Frank distributions from trusts (13C) $279.08 *
• Share of franking credits from franked divs (13Q) $88.00 #
• Net capital gain (18A) $11.30
• Total current year capital gains (18H) $21.34 *
• Assessable foreign source income (20E) $309.94 *
• Other net foreign source income (20M) $309.94
• Aus franking credits from a NZ company (20F) $0.18 #
• Foreign income tax offset (20O) $50.44 #

The cash distribution I received during the year was $523.62 (amount 1).

The sum of the amounts marked * is $662.06 (earnings) and the sum of the credits/offsets (marked) # is $138.62. It's my understanding the earnings minues credits/offsetes should equal the distribution. Any variation wil, be explained by AMIT cost base adjustments (which are nil in this case).

So, $662.06 (earnings) - $138.62 (credits/offsets) = $523.44 (amount 2)

Comparing amount 1 and amount 2, there's an $0.18 difference between the distribution received, and earnings net of credits/offsets.

What am I missing? Is the 20F amount already included in the 13Q amount? What explain the $0.18 error?

Looking at AFI. They're paying a FF div of $0.31 and trading today at $6.42... that's a 4.8% yield, 6.9% after gross-up and you get the LIC deduction.

Discount to NTA is ~15%

I know AFI has underperformed over the last few years, but seems a good buy at this price.

What am I missing?

The resort opened in 2025 and I stayed at this amazing property a few months ago. I thought you may enjoy this video review.

* Mods - please delete if not allowed. There was nothing in the rules about reviews so I hope it's OK.

Previously I've submitted my company tax return on paper. I'm wondering if anyone can recommend a free (or ver low cost) online/software service for company ITRs?

There are various free options for payroll reporting, but I can't find anything for company ITRs. Thanks.

Any net capital gains accrued before 1 July 2027 will be determined with the 50% discount. On and after that date, gains will be subject to indexation.

But what about the 30% minimum rate? Will that apply to pre 1 July 2027 gains AND post 30 June 2027 gains? Or will gains for the pre period be taxed at marginal rate, and gains for the post period at the higher of marginal rate or 30%?

If the former, even though gains to 1 July 2027 retain the discount, it may still make sense to sell beforehand.

The recent changes in the budget have taken steps towards creating a greater degree of economic equality in Australia. Certainly the middle-class and above - those who have accumulated some investment wealth, including structuring through trusts - will be paying a lot more tax. My post isn’t about whether this is good/bad, fair/unfair - there are passionate and informed arguments both ways.

The interesting thing about these changes is that they’ve greatly leasened the attractiveness of a very common method of asset protection and wealth transfer - family trusts. They’ve also made the family home a far more attractive investment - it’s still CGT whereas other assets now only receive the indexation benefit.

What are the chances this is the government position for two more fundamental tax changes? Taxing the principal place of residence when disposed of and/or inheritance taxes?

I have to say if I wished to tax the family home and implement death duties, I would do exactly what this government has done - first make it more attractive to invest in a PPR, and then virtually eliminate the benefits of holding assets in a trust so that death results in far more assets being transferred than would otherwise be the case.

And in case you think inheritance taxes are a thing of the past, in the UK the inheritance tax is 40% once you cross a roughly AUD700k threshold.

Thoughts on the budget as it applies to me:
High income self-funded and early retiree with discretionary trusts and spare cash

(1) 30% tax on discretionary trusts

I'm already pumping a sufficient amount through two discretionary trusts that the beneficiaries are all paying more than 30%. So no real downside to this other than a bit of admin time.

Impact on me: NEUTRAL

(2) Limitation of negative gearing

Over the last 20 years I've built a solid little rental portfolio that is well and truly positively geared. If I chose to buy more properties that were negatively geared, the losses would be gobbled up by the net income of the other properties. So no real impact on me.

But... these changes are expected to put downward pressure on property prices, and that will give rise to buying opportunities.

Impact on me: FAVOURABLE

(3) Capital Gains Tax indexation and minimum 30% tax rate

Based on my investments right now, assume unindexed cost base of $100 and a market value of $150 (so a 50% gain across all asset classes). At present, this would mean a net capital gain of $25 subject to tax at a blended rate of about 40% = tax to pay of $10.

Setting aside that gains to 30 June 2027 stay under the old system, the indexed cost base of my assets is likely around 120 to 125. On this basis, the net capital gain is likely to be $25 to 30. At a blended rate of about 40%, tax to pay is slightly higher, but not by much!

Impact on me: NEUTRAL TO SLIGHTLY UNFAVOURABLE

Conclusion

For me, these changes don't have too much bite as I'm inevitably stuck in the top tax bracket. For those who are in a lower tax bracket - and especially those paying less than 30% - these changes are really going to bite and will impact wealth creation.

I feel especially bad for young people who have been doing the right thing - saving and investing in ETFs in order to build up a nest egg. They're going to get hit pretty hard, especially by the CGT that bites into their investment (with a minimum tax of 30%) when they inevitably sell to buy a home. The winners are the people who don't have savings and have never taken any initiative to get ahead financially.

I ordered a Model Y long range with FSD ($10,100 less $2070 discount) about 10 weeks ago. It will soon be ready for collection and Tesla have said I can cancel the pre-paid FSD if I wish and just buy it monthly.

Wondering whether it’s better to stick with the FSD purchased outright, or go with the monthly subscription.

My employer in the past has purchased a car (of my choosing, within reason) and provided it to me to use as part of my package. There is no salary sacrifice required. Think of my package as "$X salary + car". If I leave, I have to give the car back.

I'm coming up to the point where I am entitled to get a new car (bascially, every 3 years) and was going to get a Tesla Y with value about $82,000.

So this would be FBT free until 2027. But what about beyond 2027?

If it were under a novated lease (from 2026), it would continue to be fully FBT exempt. However, does the full exemption continue to apply if the company has purchased the car outright, or will it be just the 25% FBT discount from 2027?

Thanks.

My employer in the past has purchased a car (of my choosing, within reason) and provided it to me to use as part of my package. There is no salary sacrifice required. Think of my package as "$X salary + car". If I leave, I have to give the car back.

I'm coming up to the point where I am entitled to get a new car (bascially, every 3 years) and was going to get a Tesla Y with value about $82,000.

So this would be FBT free until 2027. But what about beyond 2027?

If it were under a novated lease (from 2026), it would continue tobe fully FBT exempt. However, does the full exemption continue to apply if the company has purchased the car outright, or will it be just the 25% FBT discount from 2027?

Hello. I'm looking for an ETF that pays very little in the way of distributions in favour of higher capital growth. Preference is for something that's ~30% Aus; 30% USA; 40% rest of world.

Any suggestions? Thanks

EDIT: I’ll be investing for a minor so wish to minimising income.

I realise investing in a minor’s name is not optimal, but it’s inevitable given the extent of the income I’m dealing with. Yeah, nice problem to have.

I have a question regarding a deceased estate. The estate has earned income (obviously, post DoD). The executor will file a trust tax return and I understand the trust of the deceased estate is entitled to adult individual tax rates (for three years from DoD).

Once the trustee has paid tax on the income, what happens then? Can it be distributed to beneficiaries without further tax?

So let's suppose the income of the deceased estate is $80k, and the trustee pays tax of $15,000 so there's $65,000 left over. Is the $65k distributed tax free given it has already been taxed?

We all join Committee to assist with and ensure effective building management. Committees often comprise people with the right skills and attitudes, but they can also comprises some extremes. Tell us about your most extreme, crazy, painful Committee member. There must be some great stories out there.