Land tax relief for COVID-19 affected Queensland commercial landlords November 23, 2020 | Property Queensland commercial landlords may apply for one or more of the following land tax relief measures: a land tax rebate reducing land tax liabilities by 25% for eligible properties for the 2019-20 assessment year a waiver of the 2% land tax foreign surcharge for foreign…

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How to save money with negative gearing November 18, 2020 | Property Negative gearing is a highly discussed topic throughout the property sector and is always brought into the spotlight at election time. As one of the deciding factors in an investment property, it must be considered when determining your investing strategy. Before exploring depreciation…

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What you need to think about before building an investment property October 15, 2020 | Property When considering taking the plunge on an investment property, a vacant block of land probably isn’t the first option considered. We want to change this as people are unaware of the benefits of building on an empty block. Your…

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What are plant and equipment depreciation deductions? September 15, 2020 | Property Image courtesy of https://www.paig.com.au/ There are a lot of items property owners can claim depreciation on. So, when your specialist quantity surveyor tells you that you can claim depreciation on almost anything, they mean it. You can claim depreciation on your investment property’s walls,…

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What is HomeBuilder and how do you access it? June 5, 2020 | Property To help stimulate the economy the Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme has been designed to boost the residential construction market by providing tax-free…

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Many landlords are being approached by tenants in financial distress due to the impacts of COVID-19. SMSFs who own property are not immune from these requests. Often SMSFs are setup to acquire business property which is then leased back to the family business on commercial terms. This means that the family business may need to…

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Legislative changes have been made to Capital Gains Tax (CGT) which impacts non-residents. Expats and those with a main residence in Australia, but who live overseas, will find that they can no longer access the main residence exemption from CGT. There are some exemptions to this change, and we will explore further the rule changes, its…

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The Australian Taxation office is cracking down on those who rent out all or part of their property on Airbnb, or similar platforms, without reporting the income they receive. Over the coming weeks the ATO will send stern letters warning Airbnb hosts to report their income correctly. These letters will also outline what those who…

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To assist property investors there are many great deductions that you can take advantage of that will make your investment property far more affordable. However, often the claims that should make sense in the real world are not considered acceptable by the ATO. This can make claiming the correct tax deductions complicated for many property investors.   You should always talk to your accountant…

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Over one million Australians choose to run their small business from home. It is not only cost effective but offers fantastic work life balance options that are hard to come by in the world of small business. Each year, relentless advances in technology make it easier than ever to run a business from home, so…

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