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The Tax Implications of Subdividing your Backyard - API Article
Subdividing your PPOR (principal place of residence) is a strategy we often get asked about. If you’re thinking about going down this path, there’s a lot to consider before making your decision.
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 .....
... read moreHoliday House Rules - API Article
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’s a lot to consider…
If you don’t like the idea of someone else using your holiday house and you won’t rent it out, there are still a few things to remember. All the holding costs for the property can be used to reduce .....
... read moreThe Future for SMSF Borrowing - API Article
Self Managed Superannuation Funds (SMSFs) have been able to borrow to fund investment property purchases using limited recourse borrowing arrangements since 2007 and this has been a great strategy for investors to increase their property portfolio.
The ability to save up to 34 per cent income tax while paying off loan principal and to have your super fund assets free from capital gains tax .....
... read more2014 Checklists
Our 2014 checklists have now been uploaded to our website. Go to Resources, Taxation Checklists to download them and start getting your information ready for your 2014 return.
... read moreDont forget depreciation!
As the end of the financial year is creeping up on us, we would like to remind you to get your depreciation schedules prepared so that you can claim the cost of having it prepared in your 2014 return. You will then have the report ready for when we prepare your 2014 return. Don’t forget that ....
... read moreHave you claimed your baby bonus for a child born between 1 July 2001 - June 2004?
If you have not yet claimed your baby bonus for the birth of your child (or adoption) born between 1 July 2001 and June 2004, you have until 30 June 2014 to do so. To make a claim you will need to ...
... read moreHidden lending restrictions for small apartments
Another interesting article we spotted recently. As apartments get smaller it seems there may be hidden lending restrictions, with some bank not lending for ....
... read moreGood news for over 60's
Legislation has recently been passed to increase the Concessional Superannuation Contribution cap for workers over 60 from $25,000 to $35,000.
If you fall into this ....
... read more