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.
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…
If you’re looking to get into property investing or move up to the next rung of the property ladder, here are some words of advice on how to invest in property. Property investment is simple, but not easy and that’s not a play on words. It’s not something you should enter into lightly, but for…
An investment property should be selected based on the likelihood of it generating strong capital growth rather than secondary benefits such as rental yield or negative gearing. However, saying that, this doesn’t mean we shouldn’t maximise the gearing benefits of your current or future investment property to save on tax! So, if you’re looking to…
Did you know that you have many options when it comes to deciding the entity that should own your new property? Most property buyers, even seasoned investors, default to simply buying the property in their own name, but this is not always the best and most financially savvy choice. The legally recognised owner of a…
The Australian Financial Review reported that the Turnbull government was planning a crackdown on capital gains tax concessions for property investors in order to “seize the mantle” on housing affordability and provide revenue to help replace soon-to-be-abandoned budget cuts. The government’s policy backflip was scheduled to be unveiled in the May budget and comes after…
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 personal…
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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