Property
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 moreWhat’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 moreUtilising 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 moreChanges 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 moreOffset 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 moreCan I Claim Travel Expenses For My Rental Property?
Travel expenses relating to inspecting, maintaining, or collecting rent for a residential rental property cannot be claimed as deductions by investors. The travel expenditure is also not recognised in the cost base of the property for CGT purposes.
... read moreOnline Accommodation Rentals To Be Targeted By ATO
Australia has seen a huge surge in property owners renting their house or rooms out via the likes of the hugely popular Airbnb app. As a result, the ATO are now going to gain access to data match these online platforms.
... read moreRental 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