Yet another tax for property owners

[ad_1] Is the Queensland Government in overreach in attacking property investors? One would think so based on their latest attempt to increase property-related taxes. The Queensland Revenue Office has introduced legislation that from 30 June 2023, will calculate land tax, using the total value of your Australian land. This includes your taxable land in Queensland […]

which will cost you more?

[ad_1] The NSW government has announced plans to get rid of stamp duty for first home buyers, offering buyers to pay an annual land tax payment in its place. The new plan, effective from January 16 next year, means first home buyers in NSW will have the choice of paying the regular lump sum stamp […]

The Queensland land tax grab that could hurt investors and renters

[ad_1] Are you a Queensland property investor or are you considering investing in Queensland? Well, hold onto your hats! In what could only be described as an extraordinary cash grab, the Queensland Government is making the most astonishing changes to land tax. Once you are over the shock it should have you up in arms, […]

Buying Investment Property in an SMSF: 6 Common Mistakes

[ad_1] More and more investors, and particularly Baby Boomers, are using their Self-Managed Super Fund (SMSF) as a vehicle to buy an investment property. So I’d like to share some of the most common mistakes I see people making so you can avoid them. 1. Debt Your Self-Managed Superannuation Fund (SMSF) can borrow money to: a) […]

7 tax tips for the end of the financial year

[ad_1] Smart property investors use all the legal tax rules to minimize their cash flow leakage and maximise their deductions. The government encourages property investors to provide accommodation for those who need it by offering them a range of tax benefits. While most investors know about the typical tax deductions, such as interest on loans, repairs and management […]

Investment Property Tax Benefits Explained

[ad_1] As an investment property owner of around 15 years, I’ve been hit with just about every property tax and expense that you can think of. Hot water systems suddenly stop working. Air-conditioning units and dishwashers that no longer turn on. I once received a sky-high water bill that prompted me to do some digging […]

The 9 Best Property Investment Accounting Tips

[ad_1] With the end of financial year coming up soon, I thought I would provide some general tax strategies for property investors to consider: 1. Documentation Keep summaries of all your rental income and expenses. This is much easier if you have your property manager looking after your property where they pay all expenses and collect all […]

The top 5 issues with asset protection

[ad_1] Asset protection seems to be a recurring topic with clients over the past few months. Although we are not lawyers the same issues seem to crop up. So let’s have a look at the top issue of asset protection that every property investor should consider: 1. Should I have a will? The answer is yes […]

5 ways buying property in super is different

[ad_1] Investing in property with your super has been extremely popular over the past few years, hasn’t it? And the reasons why are far more interesting than it just being a bit trendy!  The main benefit is that super is an alternative avenue for property investing that has very little impact on personal finances or your […]

Top 10 tips to help rental property owners avoid common tax mistakes

[ad_1] Please use the menu below to navigate to any article section: Want to avoid the taxman rejecting your claim? Even worse, do you want to prevent the taxman from digging deeper and auditing your affairs? The Australian Taxation Office has a lot of information on its website to help property investors. Whether you use […]