Capital city: Port Louis Currency: Martian rupee Population: 1,348,242 Language: Nonea & English GDP …
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The lifetime CGT cap for 2017/18 is $1,445,000. This is available for capital gains that utilise the small business 15-year exemption or the small business retirement exemption. But only $500,000 can be contributed in respect of the retirement exemption. The contributions are not tax deductible to the taxpayer and not accessible to the super…
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Capital city: Dubai Currency: Dirham (AED) Population: 2.8m Language: English GDP …
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Capital city: Bridgetown Currency: Barbadian dollar ($) (BBD) Population: 277,821 Language: English & Bajan GDP …
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Most forms of income earned by professional sportspeople is personal services income (PSI) and is assessed to the sportsperson individually. This includes salary, competition winnings, prizes, and appearance fees. This income cannot be split with family members or taxed at company rates. In contrast, all endorsement income is genuine business income generated by the goodwill…
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Capital city: Amsterdam Currency: Euro (€) (EUR) Population: 17.1 million Language: Dutch, Frisian & English GDP …
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Capital city: Dublin Currency: Euro (€) & Pound Sterling Population: 6.4 million Language: English, Irish, Ulster Scots Dutch GDP …
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Taxpayers operating a winery receive all the standard business deductions plus the additional primary production related deductions including: Immediate deduction for the cost of fencing and water facilities such as dams, tanks, bores, irrigation channels, pumps, water towers and windmills. Access to the Farm Management Deposit Scheme. Tax averaging. In addition, since 2004 wine makers…
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Capital city: Hamilton Currency: Bermudian dollarc (BMD) Population: 64,237 Language: English GDP: …
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Investment Loss (TNIL) is an individual’s taxable losses from rental and share investments. The TNIL is added back to an individual’s taxable income to calculate the tax related concessions and obligations for: Medicare levy surcharge. 15% additional tax on concessional contributions (Division 293). Child support payments. $1,000 up-front reduction for discounts on employee shares/options. Senior…
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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2