Archive for category: Property

News

The controversial case of the taxpayer who claimed a loss on their home

Explore the intriguing case where a taxpayer claimed a loss on a home sale as a tax deduction, challenging standard property tax norms and the ATO's view.

... read more

The controversial case of the taxpayer who claimed a loss on their home
( Posted in: Property )

Warning: Redrawing investment loans

Discover the tax complexities of redrawing investment loans. This article sheds light on ATO’s scrutiny and the need for correct reporting.

... read more

 Warning: Redrawing investment loans
( Posted in: Property )

Is ‘downsizing’ worth it?

Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity to use this strategy if it suits their needs.

... read more

 Is ‘downsizing’ worth it?
( Posted in: Property )

Tax & the family home

Everyone knows you don’t pay tax on your family home when you sell it…right? We take a closer look at the main residence exemption that excludes your home from capital gains tax and the triggers that reduce or exclude that exemption.

... read more

Tax & the family home
( Posted in: Property )

Preparing For Your Rental Property’s Tax Deductions

Property is a solid investment opportunity for those looking to increase their financial security. If you are a landlord, you may be looking for ways to reduce your tax liability this year. This may assist you in turning your property’s cash flow from a negative into a positive.

... read more

Preparing For Your Rental Property’s Tax Deductions
( Posted in: Property )

Top 10 Tips for Property Investors

Are you looking at buying an investment property? There’s no one-size-fits-all method to property investing, it requires an individualistic approach. You need to recognise and focus on your own specific goals, needs and situations to succeed.

... read more

Top 10 Tips for Property Investors
( Posted in: Property )

The ATO examines property investors as deduction issues increase

The ATO has issued a warning to property investors this tax time following rental income and deduction errors found in over 70 per cent of tax returns audited last financial year.

... read more

The ATO examines property investors as deduction issues increase
( Posted in: Property )

Tax exemption for ‘granny flat’ arrangements

To protect older Australians, the Government has moved to formalise ‘granny flat arrangements’ by providing an incentive to protect all parties in the arrangement.

... read more

Tax exemption for ‘granny flat’ arrangements
( Posted in: Property )