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.
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, the maximum use and enjoyment at a minimum cost in taxes and heartache. In other words, estate planning should be an efficient and…
Many people believe the sale of their main residence will be tax free but that isn’t always the case. A common question a property solicitor is asked is, “If I have more than one property, what sort of things does the Commissioner for Taxation look at in deciding which one is my main residence, and…
No one I know likes to pay more tax than they have to. I know many property investors who begrudge their property taxes and I’ve heard of some pretty “interesting” tax dodges, but would you really divorce just to avoid paying tax? Obviously some people would… I read this piece on ABC news last year explaining…
Our system to maximise your claim Closed circuit television systems, garden watering systems, intercom systems and solar powered generating system assets are all assets which are often missed by property investors when claiming depreciation. These and other missed assets such as door closers, freestanding bathroom accessories, garbage bins, shower curtains and smoke alarms are part…
Foreign owners of investment property in Queensland will be slammed with a 1.5% land tax surcharge on assets with a value of $350,000 or more. The state government is seeking additional revenue in order to maintain a wafer-thin operating fiscal surplus. The Palaszczuk government announced the new measure in its 2017-18 state budget, and said…
![How will we to cope with all the cars as our population grows? [infographic]](https://puassets.s3.amazonaws.com/wp-content/uploads/2017/06/traffic-jam-688566_1920-270x200.jpg "How will we to cope with all the cars as our population grows? [infographic]")
How long did it take you to drive to work today? I’m lucky – it takes me less than 5 minutes becuase I live close to work, but the average commute is much longer than that and it’s getting worse isn’t it?. Some would say we have too many cars on the road already So…
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…
Are there ways to avoid or reduce paying CGT on investment property entirely? Yes, there are! It’s an unfortunate part of every property investor’s journey that they will most likely eventually be liable for Capital Gains Tax or CGT. But there are a few strategies that can help you minimise your CGT when it comes…
Revenue earned from property taxes has seen a bolstering of state and local government bank accounts with the latest Australian Bureau of Statistics (ABS) data showing that state and local governments nationally collected $49.567 billion (51.9%) of their total taxation revenue from property, a record high proportion and 9.6% higher over the year. Stamp duty…
One topic guaranteed to cause a strong reaction in the media is negative gearing. And it’s been hitting the headlines again as it seems to every year around this time in the lead up to the budget. The problem is that many people with only a hazy idea of what it actually is, blame negative…
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