Tips to Help Rental Property Owners Avoid Common Tax Mistakes

Tip Tuesday | Top 10 Tips to Help Rental Property Owners Avoid Common Tax Mistakes

  Whether you use a tax agent or choose to lodge your tax return yourself, avoiding these common mistakes will save you time and money. Apportioning expenses and income for co-owned properties If you own a rental property with someone else, you must declare rental income and claim expenses according to your legal ownership of...

Blog | Paying Land Tax On Property You Own

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It's land tax time of year! Whether you need to pay land tax on your property depends on: the type of land what it’s used for, and its total value as at midnight on 31 December each year whether you meet the definition of a foreign person for land tax purposes. Exemptions and concessions In...
The Garis Group/ Aged Care

How to Avoid Aged Care Nasty Surprises

Understanding the rules around your former home for both the pension and aged care is critical if you want to avoid nasty surprises. And if you do receive what I call the “OMG letter”regarding aged care,  understanding the rules will help you make the right decision. For the purpose of calculating your cost of aged…

TAX TIPS FOR PROPERTY INVESTORS 2017

  As we approach the end of the 2017 financial year, property investors should consider some measures to minimize the amount of tax that they pay and to prepare for the 2017/18 financial year. We will outline some tips below and if you wish to discuss any of these items further please call us on…

SHOULD I PURCHASE A PROPERTY THROUGH MY SMSF?

  Any thought of acquiring a property with your Self Managed Super Fund (SMSF) needs to undergo a rigorous analysis of whether this is an appropriate thing to do with your retirement savings. The following are a list of factors to consider in this process particularly where borrowing is involved. 1. Is it the right…

Can Melbourne Build 63,000 new dwellings p.a. over the next 35?

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  To quote an article by the Victorian Chief Executive of the Urban Development Institute of Australia, the state government’s latest population forecast, Victoria in Future 2016, indicates Melbourne’s population is set to double within 15 years, with Melbourne’s inner and middle suburbs expected to grow by almost 1 million in that time. For investors…
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