The Priority Report $600,000 Seniors Windfall!!!
#20
Hills Carnivale
At this years Hills Carnivale we decided to mix things up from previous years, setting up a dunking booth where Brendan, Barry, Allanah and a couple of helpers took the stand. The dunking booth was a great attraction to not only the kids but adults as well. After losing track of the number of dunking's we raised $220.30 for the National Breast Cancer Foundation. The team at Professionals Priority would like to thank everyone who came down to the George Willmore Park The government is hoping this measure will encourage to show their support. some people to downsize into housing that is more suitable to their needs, freeing up larger family homes. _____________________
If you are 65 or over, the Government will allow you to make a non-concessional contribution of up to $300,000 from the proceeds of selling your home from 1 July 2018. Both members of a couple are allowed to take advantage of this measure for the same home—effectively allowing them to invest $600,000. This non-concessional contribution will be excluded from the existing age test, work test and the $1.6 million balance threshold.
Helping first home buyers From 1 July 2017, first home buyers can contribute up to $15,000 per year and $30,000 in total in voluntary contributions to their superannuation account, within existing contribution caps, that can be withdrawn for their deposit. These savings will benefit from the tax advantages of superannuation. Contributions and earnings will be taxed at only 15%, rather than at marginal rates, and withdrawals will be taxed at marginal rates less 30%. Both members of a couple can save within the cap and then combine savings for a single deposit. _____________________
Tightening foreign investor rules The Government will stop foreign and temporary tax residents from claiming the main residence capital gains tax exemption when they sell their Australian property. To reduce avoidance of capital gains tax in Australia by foreign residents, the Government is bolstering the integrity of the foreign resident capital gains tax withholding system by increasing the rate from 10% to 12.5% and reducing the threshold from sale valued at $2 million or above to $750,000 or above. http://www.budget.gov.au/2017-18 p: 07 3164 7000
e: admin@professionalspriority.com.au
Page 16 - June 2017, The Hills Echo
Brendan Leggatt loving being dunked.
Professionals Priority Ferny Hills
@professionals_priority
a: 5/126 ferny way ferny hills qld 4055 www.hillsecho.com
Project Love & Care Project Love and Care provide care kits, toiletry kits and activity kits to children and young people from birth to 17 years when they are first placed in foster care. The kits provide the child with something they can hold onto and call their own, and include basic items for personal hygiene, clothing, something to do and something to love, all chosen to suit the age and gender of the child. How can you help? Project Love & Care need donations of goods to put in these care kits. All donations are welcome big or small it all helps. You can leave donations by phoning Ann George 07 3372 8493.
Hills & Districts Chamber of Commerce Big Breakfast Charity Event The annual big breakfast is coming up on Wednesday 13 September 2017 at the Eaton's Hills Hotel. We’re a proud sponsor of this event which brings local businesses to do business with each other. The guest speaker this year is John Buchanan—well known for his time in Australian Cricket. All money raised at the Big Breakfast will be distributed to The Hills PCYC, schools and other charities that are yet to be decided on. Anyone is welcome to attend this event. Early bird tickets on sale now, you can register at www.hillschamber.org.au.
A Snap Shot of Ferny Hills Ferny Hills is located approximately 12km’s from Central Brisbane. The suburb is located on the upper reaches of the Cabbage Tree Creek and Kedron Brook. Adjoining Ferny Hills, Everton Hills and Arana Hills constitute the Hills District. Ferny Hills was a logical adaption of Ferny Grove and the area was at one stage referred to as Ferny Grove Development. Housing subdivision started in 1960, Ferny Hills Primary School was opened in 1970, Patricks Road Primary School opened in 1977 and Ferny Hills was gazetted in 1972.
Art Classes—LC Art Studio 98 Plucks Rd, Arana Hills
LC Art Studio is a working studio where artists gather to share ideas and create. They offer classes for adults, toddlers and children as well as their infamous design and wine class. For more details or to book a class head over to their website www.lcartstudio.net.
Free Book! The “101 tips to sell your home” book will help with preparations and ideas for making your next property sale a success. We would like to offer you a copy with our compliments!
Call our office today on (07) 3164 7000 and mention this newsletter to receive our special offer.
www.hillsecho.com
The Hills Echo, June 2017- Page 17