Categories
Rebecca Mackie
Tax Deductions In Danger
A recent Parliamentary Inquiry into Tax Deductions created some fairly sensational headlines about what and how deductions are being claimed – $22 billion worth to be exact.
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Subdividing Your Backyard
There are many different strategies with different outcomes, depending on whether you’re planning to sell the part with the house, or the vacant land, or build and move in, build and rent out or build and sell straight away. All these are options to consider and each has its own tax issues!
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Property Development Tax in a Nutshell
Are you considering a development as your next venture within the world of property? Have you reviewed your potential income tax and GST liabilities?
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Holiday House for Rent
You’ve purchased a holiday house and now you need to decide if you keep it for yourselves, or rent it out to help pay for it. There is a lot to consider…
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Main Residence Exemption – The Burden of Truth
I would expect that the majority of property owners and investors have heard something about the “six year main residence exemption for Capital Gains Tax purposes”. If not, here is a brief rundown:
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UPDATE - Withholding tax on property sales
Last year we wrote an article detailing the new withholding tax introduced for properties sold to foreign residents. For any property sold for more than $2 million after 1 July 2016, the purchaser had an obligation to withhold 10% of the sale price.
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2017 Tax Checklists
We have taken the time to prepare comprehensive Tax Checklists, designed to guide you in providing all the correct and relevant information to maximise your tax return.
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Investment Properties – Pre & Post 30 June 2017
Anyone with investment property in Australia is probably feeling a little edgy with all the recent media attention on deductions, affordable housing, and negative gearing. We take a look at some of the key tax issues for investors pre and post 30 June:
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