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Property
Utilising Redraw For Your Investment Property
My client, let’s call her Rachel, is planning on moving into this property for one to two years and renovating it during that time, before moving on to her next property and renting this one out. There are many things to think about when getting a mortgage but I am only going to look at the potential tax effects of different loan structures.
... read moreChanges To CGT Exemption For Inherited Property
When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met. If the conditions are not met, the beneficiary might face a nasty capital gains tax (CGT) bill for their good fortune.
... read moreCBA To Scrap Supergear Product
CBA will SCRAP their Supergear product, effective 12th October 2018. A decision to refine their product offering to become a “simpler, better bank” is their reasoning to exit the LRBA market.
... read moreOffset VS Redraw For Property Investors
It's a tricky decision for many, so our property expert has given some advice on what will be best for you.
... read moreCan I Claim Travel Expenses For My Rental Property?
Travel expenses relating to inspecting, maintaining, or collecting rent for a residential rental property cannot be claimed as deductions by investors. The travel expenditure is also not recognised in the cost base of the property for CGT purposes.
... read moreOnline Accommodation Rentals To Be Targeted By ATO
Australia has seen a huge surge in property owners renting their house or rooms out via the likes of the hugely popular Airbnb app. As a result, the ATO are now going to gain access to data match these online platforms.
... read moreRental Bond Data Matching By The ATO
The ATO is expanding its data matching program to include rental property bond data dating back to 20 September 1985 (the introduction of the CGT regime).
... read moreFamily Planning: Applying For A Home Loan With A Baby On The Way
Purchasing a home and having a child are two of life's most stressful events. What on Earth happens when both are occuring at the same time?!
... read more