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A growing number of Australians are falling into mortgage hardship as high interest rates bite, and many households are not receiving the help they need, despite approaching their lenders. The regulator says it's closely watching how banks respond to the rising stress of its customers and will not hesitate to take legal action.
⏲ 1:53 👁 16.9M
Canadian in a T-Shirt
⏲ 17 minutes 2 seconds 👁 46.8K
Thomas C Chan - Financial Services
⏲ 11 minutes 18 seconds 👁 76.5K
Battery production will get a $500 million boost from the Federal government as part of a newly released national battery strategy. The funding will be a tax incentive for production, but the details of the scheme remain unknown.
⏲ 2:20 👁 2.1M
Whats Up Dude
⏲ 2 minutes 24 seconds 👁 6.4K
Canada Seniors Budget
⏲ 8 minutes 49 seconds 👁 252
Marks & Spencer has revealed a better-than-expected surge in annual profits after buoyant sales across its food halls and clothing arm as the group’s turnaround plan pays off. The retail bellwether reported a 58 per cent hike in underlying pre-tax profits to £716.4m for the year to March 30.
⏲ 0:59 👁 17.8M
We Love Small Business
⏲ 7 minutes 9 seconds 👁 705
Aion Law Partners
⏲ 4 minutes 42 seconds 👁 4.7K
Students in Tasmania reported the highest levels of bullying with the lowest in Victoria, NSW and the ACT. But as part of its investigation into teen mental health the ABC found there are ways schools and parents can future proof their kids from the threat of bullies.
⏲ 1:48 👁 835K
Economic secretary to the Treasury Bim Afolami insisted cutting taxes remains a \
⏲ 1:9 👁 555K
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
⏲ 1:29 👁 875K
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