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.

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

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Problems That Occur When Subdividing Your Land
( Posted in: Property )

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.

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What’s The Tax Benefit Of A Negatively Geared Property?
( Posted in: Property )

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.

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Utilising Redraw For Your Investment Property
( Posted in: Property )

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.

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Changes To CGT Exemption For Inherited Property
( Posted in: Property )

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. 

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Offset VS Redraw For Property Investors
( Posted in: Property )

Can 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.

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Can I Claim Travel Expenses For My Rental Property?
( Posted in: Tax )

Online 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.

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Online Accommodation Rentals To Be Targeted By ATO
( Posted in: Allied Health )