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.

Latest posts
Attention Property Investors - The Tax Man is after you! | ASK THE TAX EXPERT Ken Raiss [Video]

Will your investment property make you a TARGET for the tax man? Attention property investors: your friends at the Australian Taxation Office might be taking an a much closer look at your tax return than you will be comfortable with this year.. Assistant tax commissioner Gavin Siebert said the tax office has made property rental…

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….

Here are the times when Gains Tax applies to your home | [VIDEO] Ask The Tax Expert – Ken Raiss

Generally, you don’t pay capital gains tax (CGT) if you sell the home you live in (under the main residence exemption). And in return you can’t claim income tax deductions for costs associated with buying or selling your home. But sometimes things change. You rent out your home for a while, you subdivide your property,…

Capital Gains Tax changes 5 times more costly than negative gearing changes

The ALP’s proposed ban on negative gearing has been well publicised and debated. However, its proposed changes to Capital Gains Tax (CGT) have received far less attention. I suspect that this is because investors tend to overestimate short-term consequences and underestimate more significant long-term outcomes. But, since most of us are long-term investors, I’d suggest…

Property Investors - The Tax Man is watching you!

The Tax Office is ramping up audits of property investors. This comes after the ATO checked a random sample of returns with rental deductions and found nine in 10 claims contained errors. The ATO audited 1500 taxpayers with rental claims and applied penalties totalling $1.3 million in 2017-18, but expects to carry out 4500 audits…

Here’s how Labor’s $200 Billion tax slug will impact you

Labor proposed $200 Billion worth of new taxes. That’s a staggering amount – almost unfathomable With the many new taxes and policy changes that Labor will implement if they win the May 18th Federal Election, they will tax your income, your home, your superannuation and your savings. Many of the changes are difficult to understand…

Is It Time To Pounce Before The New Negative Gearing Tax Laws Come Into Effect?

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…