Tax

UPDATE - Withholding tax on property sales

Last year we wrote an article detailing the new withholding tax introduced for properties sold to foreign residents.  For any property sold for more than $2 million after 1 July 2016, the purchaser had an obligation to withhold 10% of the sale price.

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UPDATE - Withholding tax on property sales
( Posted in: Property )

2017 Tax Checklists

We have taken the time to prepare comprehensive Tax Checklists, designed to guide you in providing all the correct and relevant information to maximise your tax return. 

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2017 Tax Checklists
( Posted in: Tax )

Have you made a capital gain this financial year?

If you find yourself with a capital gain this year because you sold an investment property or some shares, it is time to take stock of your other investments and determine if now might be the right time to realise a capital loss.

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Have you made a capital gain this financial year?
( Posted in: Tax )

Are you paying more tax than you need to?

What can you do to reduce your tax and the tax paid by your business? The answer is quite a bit but it takes planning pre 30 June. Here are our top tips ...

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Are you paying more tax than you need to?
( Posted in: Tax )

BIG tax breaks

Fantastic News, there is an increase to the aggregated turnover threshold to $10 million for access to small business tax concessions from 2016-17.  This means that any businesses with an aggregated turnover of under $10 million can now ....

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BIG tax breaks
( Posted in: Tax )

Land Tax…the forgotten tax

When you buy your first (or even second) investment property, land tax is likely the last thing on your mind. Even less likely if you are buying a new family home and have decided to keep the old one and rent it out. With land tax rates skyrocketing in some states over recent years, this can be a nasty surprise.

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Land Tax…the forgotten tax
( Posted in: Property )

Tax Planning for 2016/17 Financial Year

April is a vital month for tax and superannuation planning. With 9 months of the financial year locked away significant trends or changes from the previous financial year will be well established.

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Tax Planning for 2016/17 Financial Year
( Posted in: Tax )

5 Investment Property Ownership Structures – SMSF

There are 5 major ownership structures in which you can hold investment properties, and each one has its pro’s and con’s. The fifth and final article is on investment property held in SMSF’s, not a structure that is to be taken lightly, but one that can be very advantageous for the right investor.

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5 Investment Property Ownership Structures – SMSF
( Posted in: Property )