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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.

Foreign Investors In QLD Slammed With New Tax
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Foreign Investors In QLD Slammed With New Tax

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…

Will There Be A Crackdown On Capital Gains Tax Concessions?
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Will There Be A Crackdown On Capital Gains Tax Concessions?

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 Tax Man Is Watching You
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The Tax Man Is Watching You

Currently A.T.O. is focusing on rental properties, and more specifically the common mistakes people make when claiming on them. The Australian Taxation Office is paying particular attention to:  higher than expected rental interest expense claims, and holiday homes that are not genuinely available for rent. They are warning property investors that if you are claiming…

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