Archive for category: Property
News
Problems That Occur When Subdividing Your Land
Many Australians decide to subdivide their backyard without considering how that can affect them from a tax point of view.
... read more
What’s The Tax Benefit Of A Negatively Geared Property?
With a negatively geared property, you’re going to have generated a loss, and that loss is then used to reduce your taxable income and increase your tax refund at the end of the year.
... read more
Utilising Redraw For Your Investment Property
My client, let’s call her Rachel, is planning on moving into this property for one to two years and renovating it during that time, before moving on to her next property and renting this one out. There are many things to think about when getting a mortgage but I am only going to look at the potential tax effects of different loan structures.
... read more
Changes To CGT Exemption For Inherited Property
When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met. If the conditions are not met, the beneficiary might face a nasty capital gains tax (CGT) bill for their good fortune.
... read more
Offset VS Redraw For Property Investors
It's a tricky decision for many, so our property expert has given some advice on what will be best for you.
... read more
Rental Bond Data Matching By The ATO
The ATO is expanding its data matching program to include rental property bond data dating back to 20 September 1985 (the introduction of the CGT regime).
... read more
GST On Property - Will It Affect You?
There have been some changes to how GST on new properties is accounted for. These changes are now law, coming in as of 1 July 2018. We are now seeing a number of clients asking how this will actually work.
... read more
What Do You Need to Know About Airbnb?
So, there are extra rooms that you don’t use and it’s just occurred to you that the extra cash that could come in from renting a room or two on Airbnb outweighs the negatives of having a complete stranger in your home...
OK, what do you need to be aware of?
... read more