What is loyalty tax? There’s a new thing on the block and it’s called “loyalty tax.” So called ‘loyalty tax’ because it’s the tax you pay for your loyalty to your banks. It happens when new customers are offered discounts while long-term clients pay a much higher …
ReadCapital gains tax exemptions for Australian expats who want to sell their homes may no longer be available after June 30, 2020. The government is pushing ahead with the changes to capital gains tax (CGT) on main residences, …
ReadStamp Duty rebates of up to $50,000 for buyers purchasing apartment and units in Perth are to be given by the Western Australian government to boost Perth property market, Western Australia Premier Mark McGowan announced on the morning …
ReadThe whys of poor super funds performance always boil down to one reason and mostly one reason alone: the fees are too high. While it’s a good idea to have your super managed by a fund if you don’t have the …
ReadBitcoin and other forms of cryptocurrency are historically not regulated by a central bank or a government. In recent years, however, governments around the world, Australia included, started regulating digital currency. The Australian Taxation Office has started applying taxation laws to cryptocurrency. Below is …
ReadLatest industry sentiment data shows confidence in the Perth property market is up by nine index points, making WA the second-highest of any state and territory in Australia today. According to the ANZ/Property Council of Australia, Western Australia …
ReadTo battle the ongoing pessimism of some property investors regarding the current state of the Australian property market, here are some great reasons to be thankful for despite the downturn. Excess in budget In spite of the $350 …
ReadAccording to a recent report from Domain, prices of real estate in Perth have continued to drop since the last federal election with the exception of Stirling. While there were signs of a turnaround in the first part …
ReadFor some, spending more for their superannuation in Australia may be the least of their priorities. There are many other things one would prefer to prioritise over their super, such as settling mortgage debt or saving up for …
ReadATO scammers pretending to be the tax office in an attempt to swindle money out of Australian taxpayers have apparently changed their strategies for this year. In 2018, these scammers pretended to be the ATO and threatened taxpayers that they will …
ReadShould Labor win, four new taxes on superannuation contributions would be introduced to raise $19 billion over the next decade. The proposed taxes are expected to hit about one million employees. The tax deductions that support Australia’s $2.7 …
ReadThe Morrison government is giving consideration to allow a federal institution such as the Future Fund to offer low-fee superannuation accounts to the general public to compete against Australia’s underperforming $2.7 trillion self-managed super fund system. According to …
ReadDue to increasing reports of fraudulent activity, the Australian Taxation Office (ATO) will be implementing a mandatory multi-factor authentication for some cloud accounting software users by the end of this year. Software that lodges or contains superannuation and/or …
ReadThe real estate lease vacancy rate in Perth’s suburbs has dropped by almost 50% in the past 15 months. As a result, landlords may be looking at a lucrative 2019 which in turn might get costly for Perth’s …
ReadE-commerce in Australia is boosting the industrial real estate income trust (REIT) as customer demand for warehouses and industrial real estate continue to increase. More and more logistics facilities are being established in major urban centres to provide …
ReadOpportunities currently abound in the property market and you don’t want to be restricted on your borrowing capacity especially this time. However, many investors face this hurdle because of the stricter policies around loans and refinancing. Chan & …
ReadBeware of a sleeper issue regarding an employer’s superannuation guarantee obligations, it has been assumed that employers are unaware of the interest they owe because of missed payments. The ATO has been providing an administrative concession to super …
ReadBased on the timeline and frequency of Australia’s downturn, financial crashes can be pretty common. The country has experienced a recession in the 60s, 70s, 80s, 90s and the 2000s. There has been a downturn every decade and …
ReadThe January 2018 issue of the popular real estate magazine, Your Investment Property, featured industry experts, including Lilian Fisher of Chan & Naylor Perth. The magazine had its annual top 100 suburbs guide and talked about Budget Reno …
ReadGrowth, debt and illiquidity are relevant subjects this year for property investment. People are fixated by growth but the truth is, there are two types of growth. These are: genuine growth and artificial growth. Genuine growth is often …
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