Stamp duty is one of the largest expenses involved in purchasing an investment property, so it’s unsurprising that many investors ask if it’s tax deductible. Stamp duty is a form of tax that state and territory governments charge …
ReadIt’s time to prepare your land tax return or if you haven’t yet, get a property tax accountant to do it for you. Whilst it’s not due to be lodged until the new year it’s time to start …
ReadAs the owner of a residential investment property, claiming maximum depreciation deductions can make a big difference to your cash flow. Property depreciation is generally the second biggest tax deduction after interest, though it’s often missed by investors. …
ReadThere are 1.7 million property investors in Australia, and 97% of them own one investment property. Only 3% of them own two or more investment properties. The predominant demographic of the 97% are ordinary folk like nurses, bookkeepers, …
ReadFranking refers to tax credits, and the process that eliminates or reduces the taxation of cash payouts to its shareholders is referred to as dividend imputation. The tax credits are beneficial to individuals on high tax rates and …
ReadJosh Frydenberg has launched a pre-election attack on Labor’s plan to halve the capital gains tax discount, forewarning that many Australians will be taxed at the “highest rates” in the Western world. The Treasurer pointed out government analysis …
ReadThe tax return deadline is 31 of October 2018. Depending on when you’ve read this article, you may still have a bit of time left or the deadline has already passed. Here’s what you can do if you …
ReadBusinesses that have an annual turnover of $10 million or less will have less tax to pay on their 2016-17 income tax return, according to business accountant Chan & Naylor. The Australian Taxation Office has lowered the company …
ReadScott Morrison focused on creating jobs, tax relief and hospital funding this year. Here are some of the pleasant and unpleasant Budget measures included in the Federal Budget 2018: WINNERS First, many will rejoice that over 10 million …
ReadThe May 2018 issue of real estate magazine, Your Investment Property, featured industry experts including Janelle Bartlett of Chan & Naylor Redlands. The issue covered strategies on how to keep your property safe from fire, theft and tenant …
ReadThe tax season is already in full swing and it is the best time to talk about several tax deductions that may be available to you but you often forget as a taxpayer. Do you wonder what the …
ReadOne of the best ways to boost your tax return is by taking advantage of the deductions available to you. When you complete your tax return, remember that you can claim deductions for some of the expenses you …
ReadThe Labor party will stop giving refunds if receiving Franked Dividends results in a refund. They argue that it was not fair that if you have not paid tax then you should not get a refund. They are …
ReadShould wealthy and sophisticated property investors be excluded from negative gearing tax deductions while people in the bottom 50% of incomes be allowed to claim 100%? Yes, according to a new proposal seeking to change negative gearing. Under …
ReadThere are several reasons why you should not procrastinate when filing your tax return. Remember that many people are blindsided by their tax bill and if you wait until the last minute, you might have less time to …
ReadTranscription: 1. Use a Trust to distribute income to lowest tax payer Ed: The very first one I thought of was to use a trust as often as you can. A trust is a really flexible structure to …
ReadWe hope that everyone is having a successful and enjoyable year so far. It’s a busy time for accounting firms as the new tax season is here. It’s good to talk to your accountant now to see how …
ReadWhen you invest in properties, you should understand the best strategies for your financial goals, research the market and find the right properties that can implement these strategies. Be careful not to ignore your budget or go against …
ReadWatch this video of Ed Chan at the Business Blueprint Elite Conference in Sydney, where he talks about how you can maximise your profit by planning your tax and structures well. Youtube: Game of Tax by Ed Chan …
ReadNow that 2017 has closed, make sure you do not have any financial or legal lose ends which will set you back this new year. Here are some things you can do. Any company changes will require …
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