Maximise the depreciation benefits of an investment property While many property investors consider location, purchase price and vacancy rates when contemplating an investment property, depreciation is often overlooked. Depreciation can help unlock the cash flow potential within an …
ReadThe Treasury Laws Amendment (2018 Superannuation Measures No 1) Act 2019 could bring tax breaks loss for some Self-Managed Superannuation Fund (SMSF) trustees. Although there are still some grey areas and the Australian Tax Office (ATO) is still …
ReadMany Australians consider property investment is still the best investment today. But there’s a latest trend in urban development that takes property investment further up to deliver potentially greater returns. Smart cities, which the government believes to be …
ReadExpect strong capital gains and property market growth in 2020 as home values surged to its highest in 10 years over the past three months. CoreLogic’s Home Value Index showed that the last quarter of the year 2019 …
ReadThe government’s first home buyer grant or the First Home Loan Deposit Scheme (FHLDS) took effect on 1 January, allowing low to middle-income earners a chance to own their first home. But will it really? Designed to help …
ReadAffordable rental properties, or those with rents of below $350 a week, are dwindling as landlords continue to chase wealthier tenants. This is according to the Australian Housing and Urban Research Institute (AHURI). While residential lessors have increased …
ReadThe recovery in the property market is underway, creating opportunities for investors. Over the last two years, negative headlines about the state of the property market have bombarded investors and home owners. Armed with data from the CoreLogic …
ReadThe Australian (newspaper) on the weekend predicted a 10% growth in the property market in 2020. Whether that will happen or not is yet to be seen. But what is true is that there is not just one …
ReadIt’s the season of giving! Find out what you can claim and what charitable donations and gifts are tax deductible. Are you attending charity dinners? Or perhaps you’re giving away Christmas bonus, and staff and client gifts? In …
ReadChanges to land tax rate in South Australia will now go forward on July 1, 2020, says Treasurer Rob Lucas. The overhaul aims to change aggregation rules and bring SA’s land tax much consistent with other states‘. The …
ReadHobart rentals are still some of the most expensive in Australia, research by the SGS Economics & Planning shows. Since 2017, Hobart has replaced Sydney as the least affordable city for renters. The rent has become so high …
ReadSydney and Melbourne house prices are expected to go up over the next 12 months. Across all capital cities, prices might surge up to 11 per cent even without further interest rate cuts. These are what the Christopher’s …
ReadAustralia is unlikely to see “negative” or “below-zero” interest rates. At the same time, with wage growth at record lows, interest rates are likely to be at moderate levels for some considerable time. That is the conclusion of …
ReadWhat 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, …
ReadThe land tax assessment is on 31 December 2019. The introduction of land tax and land tax surcharges for foreign persons acquiring or holding a residential land in NSW, Victoria, and Tasmania means Discretionary and Hybrid trusts with …
ReadLand held in trust is generally liable for a surcharge and surcharge land tax applies to residential land owned by a foreign person. Discretionary trusts are considered to include foreign persons. If you have received a communication from …
Read‘Tis the season to be jolly! But ho-ho-hold up before you start making spirits bright and rewarding your employees or team members with gifts or parties this Christmas, as fringe benefits tax may apply when providing all the …
ReadA record level of infrastructure spending indicates that now is the time to identify long term property investment opportunities. Research from the OECD and the ABS highlights Australia’s rapid population growth, which is among the highest of all …
ReadI love paying taxes. Said no one ever. Indeed, we all welcome tax deductions and always look for ways to reduce our taxes whether as in individual or as an operator of a small business. Fortunately, you can …
Read