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.
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Is it time to buy your next investment property or should you wait? Now that Labor has declared January 1st 2020 as the date their proposed tax amendments to negative gearing and Capital Gains Tax (CGT) come into effect property investors have just over 7 months to set themselves up. You’d have to be living…
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,…
A crackdown on tax deductions and better technology from the Australian Tax Office is contributing to slower income growth and slower consumption. Reserve Bank of Australia assistant governor Luci Ellis recently gave a speech saying that slower wages growth was less of a concern than slowing income growth. The RBA is obviously concerned that despite low…
What is land tax? Who should pay it? And can I reduce this major property cost which seems to eat into my rental income disproportionally? These questions are often asked by serious property investors who already have or are in the process of building a significant property portfolio. As is the case for most taxes,…
More and more Australians are trying to protect their financial future by setting us their own Self Managed Super Funds (SMSF). However, there are some interesting rules governing and who is legally allowed to run them. But very few of us understand them. Did you know that a “disqualified person” is not permitted to be…
Once you have bought your home, there are ways that you can minimise the interest you pay over the life of the loan. This can include making additional lump payments or repaying the loan fortnightly instead of monthly. One of the most popular ways, however, is to establish a mortgage offset account, which will reduce…
A new client recently came to see me. He was a little hesitant at first as he had been using an accountant, lawyer and financial planner and was apprehensive about the value Metropole Wealth Advisory could give. He left my office almost in tears when he realised the cost of his poor previous advice. Given that…
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…
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…
It’s a common philosophy in property investment to start with the end in mind. Unfortunately, this is often easier said than done, and loan structuring is one such overlooked strategy that could save investors tens of thousands of dollars over the course of their property investment journey. While this article will outline some of the…
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