St Ives Law in Adelaide, South Australia | Personal injury lawyer

St Ives Law

Locality: Adelaide, South Australia

Phone: +61 8 7123 6333

Address: Suite 904, 147 Pirie Street 5000 Adelaide, SA, Australia

Website: http://www.stiveslaw.com.au

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• Estate planning solicitor
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• Personal injury lawyer

23.01.2022 2017 FEDERAL BUDGET UPDATE: "Tax Offsets for Small Businesses" The owners of small businesses will enjoy instant tax offsets for another year - a measure the Treasurer says will improve cash flow. Businesses that turn over less than $10 million each year will be able to immediately write off expenditure up to $20,000 ... That's flagged to revert back to $1,000 from July 1, 2018, but there's a possibility it could be extended again.

18.01.2022 NEW DEPRECIATION RULES PROPOSED FOR RESIDENTIAL PROPERTY INVESTORS: If you are a residential property investor, St Ives Law can help you understand how the proposed adjustments to depreciation legislation in the 2017 Budget affects you! Under the new rules which are yet to be legislated by Parliament, investors will be able to depreciate plant and equipment assets within a new property and items they add to their property; however subsequent owners who acquire a property afte...r 9 May 2017 will not be able to claim depreciation on existing plant and equipment assets. Investors will still be able to claim qualifying capital works deductions, including any additional capital works carried out by themselves or a previous owner. Anyone who has purchased a property up until the 9th of May 2017 will be able to claim depreciation as per normal. The new legislation will be in force from 1st of July 2017.

12.01.2022 Westpac's Senior Economist Elliot Clarke outlines what the 2017 Federal Budget means for you and your business in this brief video.

11.01.2022 2017 FEDERAL BUDGET UPDATE: "The First Home Super Savers Scheme" The Government are implementing a series of new measures designed to improve housing affordability. First-home buyers will be allowed to use up to $30,000 of voluntary superannuation contributions to place a deposit on a house or apartment in an effort to help young people gain a foothold in the property market.... From July 1, savers will be able to salary sacrifice extra contributions into their superannuation account above the compulsory contribution, up to a maximum of $30,000 in total and $15,000 in a single year. They will then be able to withdraw that cash from July 1, 2018 onwards, along with any associated earnings.

11.01.2022 Speak to St Ives Law on how the property market is facing a sharp correction. GLOBAL agency S&P has downgraded the credit ratings of 23 Australian financial institutions, warning of a sharp housing market correction which could lead to a taxpayer bailout of the major banks, because they are too big to fail. S&P cited that economic imbalances are increasing due to strong growth in private sector debt and residential property prices over the past four years.

08.01.2022 Dear Clients, Our telephone line 08 7123 6333 is currently not working properly. We are working with our provider to have this problem rectified as soon as possible. ... In the meantime please contact us on (08) 7230 2585. Alternatively, if the matter is urgent, you can contact Nancy on her mobile 0433 071 350 or Sarah on her mobile 0403 007 534. We thank you for your patience. If you have any questions at all do not hesitate to contact us.

08.01.2022 2017 FEDERAL BUDGET UPDATE: "Foreign Investors" Foreign investors in Australian property will no longer be able to claim primary residence exemption for capital gains tax purposes, in a measure which is expected to bring in an extra $581 million over the next four years. And if you buy a property only to leave it empty or fail to rent it out for at least six months of the year, you will be slugged with a "ghost tax" equal to the foreign investment application fee you paid at... the new time of application, which will work out to at least $5,000. Foreign investors will also be limited to 50% of purchases in new developments, to give Australian buyers the opportunity.

05.01.2022 2017 FEDERAL BUDGET UPDATE: "New Foreign Worker Levy for Small Businesses" Small businesses will also be hit with a new foreign worker levy. Every employee on a temporary working visa will cost a business up to $1,800 each year, while businesses will pay a one-off levy for workers on a permanent skilled visa.

01.01.2022 What does the Budget mean for you? Find out where you fit in with the 2017 Budget Calculator below:

01.01.2022 We would like to introduce you to our Graduate Solicitor, Vishal Jaymish Odhavji! Vishal graduated with a Bachelor of Laws and Legal Practice combined with a Bachelor of Commerce (Finance and Accounting) from Flinders University in 2016. During his university career, Vishal completed specialist subjects in alternative dispute resolution, transactional legal practice, civil litigation, real property, corporate finance and taxation law in addition to competing in negotiation co...mpetitions on a national level. Prior to joining St Ives Law, Vishal worked for the Northern Territory Trade and Investment Commission in Jakarta and completed his Practical Legal Training at Tindall Gask Bentley Lawyers, within the wills and estates law division. Vishal is a client orientated and commercially focused graduate lawyer. Having worked within the accounting and financial advisory industries during university, he implements a comprehensive and passionate approach to all commercial law transactions. Vishal’s experience working and living in both Europe and South East Asia enables him to provide culturally sensitive and adaptive advice within a rapidly changing business environment influenced by globalisation and overseas investment. Vishal practices in the areas of: Business & Commercial Law Property Law & Development Estate Planning & Succession Law Asset Structures & Asset Protection (Trusts, Companies and SMSF’s) Dispute Resolution and Litigation Contact Vishal on [email protected]