Property investment tax

When it comes to tax, unless you are a professional, it can be difficult to navigate your way through the maze.
But understanding the basic taxation laws and your rights as a property investor is imperative to the success of your investment career.
We’ve made it a little easier for you by providing a guide to all the taxation questions you need answered.

Are substantially renovated properties exempt from new depreciation legislation?
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Are substantially renovated properties exempt from new depreciation legislation?

Last year new laws have been enacted to deny deductions for depreciation for “previously used” depreciating assets related to the use of residential investment properties. In simple terms, for affected taxpayers, from 1 July 2017, depreciation deductions for items of plant and equipment (e.g. dishwashers, ceiling fans, carpet, and hot water systems) in residential investment…

Be careful of these depreciation mistakes this tax time
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Be careful of these depreciation mistakes this tax time

Depreciation can be a rather complex area with specific rules, qualifying dates, depreciation rates, methods for claiming and pre-determined effective lives of assets.  As such, claiming depreciation deductions can be a confusing task for many property investors. For this reason, it’s imperative that investors get a depreciation specialist to prepare their tax depreciation schedule. This…

Maximising returns on your property portfolio - a simple deduction
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Maximising returns on your property portfolio – a simple deduction

Knowing what tax deductions you’re entitled to claim is key to maximising your return on investment – but that’s only half the battle…   We have all heard the old saying about death and taxes being the only two certainties in life. This may not be the case when you take superannuation into account but that…

A Complete Guide to Capital Gains Tax
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A Complete Guide to Capital Gains Tax

  The thing about property investing is that eventually you, or your beneficiaries if you hold for the extremely long-term, will likely have to pay Capital Gains Tax (CGT). This is the time when the Federal Government gets their share of the profit that you’ve made from investing in property as it’s technically classed as…

The decline of the scrapping schedule — How depreciation changes have impacted scrapping
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The decline of the scrapping schedule — How depreciation changes have impacted scrapping

The May 2017 budget heralded the largest change to depreciation rules since 2006, it certainly ruined what would have been a perfectly good glass of shiraz as I sat watching Scott Morrison at home. For anyone lucky enough to have been busy doing something interesting on the evening of the 9th of May 2017 rather…

Ask the Tax Expert [video] — How will the capital gains tax be calculated on a home that becomes an investment property?
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Ask the Tax Expert [video] — How will the capital gains tax be calculated on a home that becomes an investment property?

How will the capital gains tax be calculated on a home that becomes a rental property? You’ll find out as you watch this week’s Ask the Tax Expert video as Ken Raiss answers Hamish’s question which is quite common as for many people their first home isn’t their final home and turns into an investment….

A Guide to Tax deductions for Property Investors
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A Guide to Tax deductions for Property Investors

It’s that time of year once again – the time that awakes a little sense of dread inside every Australian. It’s tax time. Whilst most of the country is rolling their eyes at the thought of lodging their tax return, Australian property investors actually have something to cheer about. Whilst investment properties are undoubtedly a…

Ask the Tax Expert [video] — Best time to renovate a home that will become an investment
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Ask the Tax Expert [video] — Best time to renovate a home that will become an investment

When is the most tax effective time to undertake a renovation?  You’ll find out as you watch this week’s Ask the Tax Expert video as Ken Raiss answers Lynda’s question about when is the best time to renovate her new home that she’s buying using a First Home Owner’s Grant. You see…she plans to make…

5 ways buying property in super is different
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5 ways buying property in super is different

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…

6 common mistakes made when buying an investment property in an SMSF
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6 common mistakes made when buying an investment property in an SMSF

More and more investors, and particularly Baby Boomers, are using their Self-Managed Super Fund (SMSF) as a vehicle to buy an investment property. So I’d like to share some of the most common mistakes I see people making so you can avoid them. 1. Debt Your Self-Managed Superannuation Fund (SMSF) can borrow money to: a) Purchase…

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