Transferring, Buying or Gifting Real Estate
If you give or sell real estate to family or friends, you should be aware of the capital gains tax implications. This tax applies when you sell or gift any property - including your family home, a holiday house, rental property or a block of land.
However, there are exceptions. Capital gains tax generally doesn't apply on:
- the sale of your main residence
- real estate acquired before 20 September 1985.
You may have to pay capital gains tax if:
- the property was not your home for the whole period you owned it
- it covers more than two hectares of land
- you used it to produce income - for example, you rented the property or used it to run a home-based business
A capital gain or capital loss is the difference between the price you sell your property for, and the cost base - that is, the amount you paid for the property including stamp duty and legal costs, plus the cost of owning and selling the property.
When you sell or give property to friends or family, you are treated as having received the full market value - even if you received less or nothing at all. To correctly report your capital gains, you must get a market valuation - that is, an estimate of the price you would have received on the open market
The tax office treats the person to whom the property is transferred as having paid the market value. This affects how much, if any, capital gains tax they are liable to pay when they sell it.
For more information on capital gains tax visit www.ato.gov.au or call 13 28 61 to discuss your personal circumstances.
Remember all those women on the Titanic who waved off the dessert cart.
Queenslanders Ignore Skin Cancer Warnings
The majority of Queensland beach and pool goers are ignoring the warnings about the deadly threat of skin cancer and are getting sunburnt despite knowing the risks, according to new research.
Suncorp - who partners with QIMR to fund the Suncorp Skin Cancer Labs - undertook the Skin Cancer Awareness Survey which found that a massive 82% of respondents got burnt at least once over summer and a quarter got burnt more than twice.
Despite 82% of respondents being fully aware that they still get burnt in the shade, 62% said they only used sunscreen occasionally and only when it was hot and sunny. And the re-application of sunscreen message does not seem to be getting through, particularly in males, with 28% of male respondents indicating they rarely reapply sunscreen throughout the day. Less than half (41%) if respondents said that they wear a hat, sunglasses and sunscreen to protect themselves against sunburn. Half of the respondents only wear a hat when it's hot and sunny.
The shocking results of this survey highlight the continuing need for skin cancer awareness efforts.
Cinema Club
Good Night and Good Luck will be screened on 10th May at 6.30 pm. This movie chronicles the real-life conflict between television newsman Edward R. Murrow and Senator Joseph McCarthy and the Permanent Sub-committee on Investigations.
"I'm giving it five stars and I'd give it more if we had a bigger scale. This is a stunning film" Margaret Pomeranz, At the Movies.
Cost $10 Arts Council members $12 non-members which includes wine and refreshments.
For any information about our movies contact Christine Gorrie on 4121 6158 or Robyn Lowe on 4121 6258
Seniors' Week
Seniors' Week celebrates its 21st Birthday in August and planning is well underway to make this a very special time for the Seniors' in our City and District. Some of the planned activities are -
| Tuesday 15th | Senior Citizens' Concert - 1.30pm Admission $3.00 Venue Senior Citizens' Centre, 333 Alice Street |
| Sunday 20th | Tinana Christian Fellowship BACK TO THE FUTURE at 6pm. The service of celebration will be conducted by senior members of the church. All welcome to join in singing hymns of yesteryear. |
| Monday 21st | Senior Citizens' Club Bowls Come & Try Afternoon 1pm - Venue as above |
| Wednesday 23rd | Maryborough Excelsior Club - Open House with Eureka Country & Western Band to entertain after lunch. Activities commence at 9.30am at the Seniors Citizens' Centre. All welcome. Maryborough Riverboat Cruises |
| Thursday 24th | Mayoral Morning Tea - Maryborough City Hall |
| Friday 25th | Ecumenical Service - St. Mary's Catholic Church |
"A Country Day in Howard" is being planned by the Maryborough/ Hervey Bay Councils collaboratively
Art Exhibition is also being planned
Morning Melodies
presents
PETER ALLEN SONGBOOK "I still call Australia Home"
Brolga Theatre 11am Thursday 4th May.
Starring John Bowles, Michelle Fitzmaurice and Brian Hannan.
Seniors Enquiry Line 1300 135 500
Linking seniors with community information
Seniors Enquiry Line can be contacted weekdays from 9.00am to 5.00pm for the cost of a local call from anywhere in the state. Enquiries can also be made via email. The Seniors Enquiry Line website features an online resource directory, information and links to senior's related topics as well as an events calendar and interactive bulletin board.
Contact Details are:
| Phone: | 1300 135 500 |
| TTY: | (07) 3250 1928 |
| Fax: | (07) 3250 1929 |
| Email: | sel@lccq.org.au |
| Website: | www.seniorsenquiryline.com.au |
Harry Farkel, leaving for lunch, handed a batch of bills to his new secretary and said, 'Miss Tobin, please total these.' At the door, he added, 'And make sure you're right, Miss Tobin. Check the addition three times.'
When Farkel returned at two thirty, his secretary handed him the batch of bills, plus a covering sheet of figures, smiling, 'Here you are, Mr. Farkel. All done.'
'Oh, good, Miss Tobin. Did you check your results like I said?'
'Yes, sir. Three times.'
'Thank you.'
'On the top page, Mr. Farkel, you'll see all three answers.'
I like living. I have sometimes been wildly, despairingly, acutely miserable, racked with sorrow, but through it all I still know quite certainly that just to be alive is a grand thing.
Vaccines: A way to a better future
Vaccines are an effective method of preventing the spread of disease and potentially eradicating them forever. Thanks to medical research, we are progressively moving towards healthier lives and a better future by saying goodbye to diseases one by one.
Smallpox was responsible for an estimated 300-500 million deaths in the 20th Century. Many survivors were left scarred and/or blind in one or both eyes from corneal ulcerations.
Another virus facing extinction is polio - a paralytic disease that infects the intestinal wall, where it can proceed to the blood stream and into the central nervous system, causing muscle weakness and often paralysis. Since the 1988 WHO resolution to eradicate polio, there have been significant reductions in annual diagnosed cases - from the hundreds of thousands to just one thousand.
After successful early studies into two leading vaccine candidates, QIMR is this year set to continue further clinical trials for malaria. This life-threatening parasitic disease is responsible for more than 2 million deaths annually - these are mainly children under 5 years of age, but also include a significant number of pregnant women. Up to 500 million cases of malaria occur each year, with more than four billion people in approximately 90 countries at risk of developing the disease.
Cohane and Driscoll, old friends, came out of a Dublin saloon in a fine state of euphoria. As they stumbled along, humming aimless tunes, Driscoll stopped short. "My, my, my, my. Liam Cohane, will y'not look at that! A beautiful, beautiful bug - on the branch of that bush?'
Cohane hiccuped. 'Bug, is it? What kind o'bug?'
Driscoll blinked and said, 'Sure, and 'tis a ladybug.'
Cohanne gasped. 'Lady bug, did y'say? By all the saints, Seamus, y'have the eyesight of a telescope.'
Better Hearing Australia
a self help support group for HEARING IMPAIRED ADULTS"HEARING LOSS MANAGEMENT SESSIONS"
| WHERE | BETTER HEARING AUSTRALIA Kathleen Costello Centre 26 Wilson Street Maryborough |
| WHEN | Tuesday 10am CUPPA AND CHAT SESSIONS START 10.30am - 11.45am |
For further information phone VOICE or TTY 4121 5222 Monday - Wednesday 9am - 1.30pm
Movable Feast
Easter Day falls on the first Sunday after the first full moon on, or after 21st March. It corresponds with the Jewish Passover Feast, as well as the time of the Spring Equinox with its old celebrations.
AN EASTER BLESSING
May the glad dawn
Of Easter morn
Bring joy to you.
May the calm Eve
Of Easter leave
Peace with you
The Maryborough & District Committee on the Ageing Inc.
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