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The integration with BGL was a major milestone for DomaCom that built upon the Australian Tax Office (ATO) ruling on downsizer contributions last year. The ATO’s Administrative Binding Advice confirmed part disposal of a home for downsizer contributions, which meant that a person could dispose of part of their home under DomaCom’s Senior Equity Release platform and still be eligible to make a downsizer contribution. The ability to contribute the proceeds of downsizing part of a home into superannuation was one of several measures announced in the 2017-2018 Budget to reduce pressure on housing affordability in Australia. From 1 July, 2018, eligible people aged 65 or over had been able to make a downsizer contribution into their superannuation of up to $300,000 from the proceeds of selling all or part of their home.

Ron leshArthur naoumidisCorporate solutionsSimple fundAustralian tax officeBinding adviceSenior equity releaseSimple fund 360Downsizer contributionsரோன் லேஷ்பெருநிறுவன தீர்வுகள்எளிய நிதிஆஸ்திரேலிய வரி அலுவலகம்மூத்தவர் பங்கு வெளியீடுஎளிய நிதி