Ken is director of Metropole Wealth Advisory and gives strategic expert advice to property investors, professionals and business owners. He is in a unique position to blend his skills of accounting, wealth advisory, property investing, financial planning and small business. View his articles
What are the Capital Gains Tax implications when you move out of your home and rent it out and then sell it? I love receiving questions from our readers -Victor sent in this one: “I moved out of my principal place of residence, which I’ve been in for seven years, and then rented it out for three…
Trying to get your head around Capital Gains Tax (CGT) can sometimes be like attempting to learn a new language. You think you’re doing alright with it and then someone from that country starts talking to you thinking you’re a local and you end up quite confused and no doubt a little embarrassed. Of course,…
While modern life is exceptionally busy, any decent Financial Adviser will tell you that today is the best time to start planning for your retirement; the earlier you plan, the better placed you will be to enjoy it. With life expectancy at its highest recorded level, there are a lot of years to fill between…
Planning your estate is an important matter. Estate planning involves arranging your assets and circumstances in such a way as to ensure that your beneficiaries after your death receive from your assets, maximum use and enjoyment at a minimum cost in taxes and heartache. In other words, estate planning should be an efficient and effective…
It is not uncommon for a group of people to entertain the idea of pooling their resources in order to increase their buying power and spread the risks associated with investing in property. Surely this is a no-brainer, right? By chipping in with friends or family you will have a larger deposit and can potentially…
A lot of people say they’re good with money. They say they have a gift for making it. That they love money and that money loves them. This may be true. But just because you like money and enjoy making it (that’s most of us) doesn’t mean you’re good with money. Those are two very…
Relationships are much more complicated these days, aren’t they? It’s common for couples to purchase a property before they have walked down the aisle or even lived together, which raises the question of who gets the house if they break up? It’s surprising more couples don’t give this a second thought. They assume they’ll be…
When it comes to setting up and running a self-managed super fund (SMSF) there are many rules and regulations dictating what you can and cannot do. Many people set up an SMSF to have greater control over their investments or their operating costs, but one wrong move could cost you a lot. In fact, it…
Investing in property with your super has been extremely popular over the past few years, hasn’t it? And the reasons why are far more interesting than it just being a bit trendy! The main benefit is that super is an alternative avenue for property investing that has very little impact on personal finances or your future…
Is the Queensland Government in overreach in attacking property investors? One would think so based on their latest attempt to increase property-related taxes. The Queensland Revenue Office has introduced legislation that from 30 June 2023, will calculate land tax, using the total value of your Australian land. This includes your taxable land in Queensland as…
