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.
![Ask the Tax Expert [video] — How will the capital gains tax be calculated on a home that becomes an investment property?](https://puassets.s3.amazonaws.com/wp-content/uploads/2018/05/tax1-270x200.jpg "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….
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](https://puassets.s3.amazonaws.com/wp-content/uploads/2018/01/renovate-home-270x200.jpg "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…
It seems that more and more property investors are buying property using their Self Managed Superannuation Funds (SMSF) seeing it as a way of controlling their financial destiny. While this may end up being a rewarding strategy it can also be confusing and that’s why it is critical to get the right advice from an…
Purchasing property will be one of the largest financial decisions of your life so it’s one that should not be taken lightly. But navigating the maze of property purchase is not always as easy as it sounds. Before you sign anything, in fact before you’ve even begun negotiating your offer on a house, you need…
Do you make the most out of your potential tax deductions? Do you keep good records to substantiate your tax claims? Well you should because the ATO regularly targets property investors, so it’s important that you know what you can and cannot claim as a tax deduction. Of course expenses incurred in earning income, such as…
When you invest in property, there are two main types of tax that have the potential to affect your profits. The first type, and one that we all know about because we pay it whenever we earn money, is Income Tax. That is a portion of the income you derive from employment, or investment or…
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…
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