Property.
Property and tax for Australian investors and owner-occupiers: CGT, negative gearing, structures and strategy.
Property·3 July 2023
Find hidden deduction opportunities in your investment property
July 3, 2023 | Property Investment properties hold a wealth of tax deductions, but many of these can go unnoticed if you’re not paying close attention. Hidden deductions can make a significant difference to your net rental position, adding up to tens of thousands of dollars over the lifespan of your
Property·9 February 2023
How to save thousands on tax with your investment property
February 9, 2023 | Property As a landlord, it’s important to be aware of the rental property tax deductions you’re eligible to claim in order to boost cash flow and ensure compliance. The Australian Taxation Office (ATO) found that nine out of ten landlords make mistakes when completing their tax re
Property·5 July 2022
Partial Year Property Depreciation
July 5, 2022 | Property Even if you have not owned your rental property for a full financial year, you could be missing out on valuable depreciation deductions if you do not hold a tax depreciation schedule. The Australian Taxation Office (ATO) allows property investors, which lease out income-produ
Property·10 May 2022
All you need to know about using a family trust for purchasing a property.
May 10, 2022 | Property What is a Family Trust? A trust is a legally recognised relationship that exists between the trustee and the trust beneficiaries. In simple words, the trustee holds assets in trust to the benefit of the beneficiaries. In contrast to individuals and companies who can be liabl
Property·9 May 2022
Depreciation Schedule for Property Investors
May 9, 2022 | Property 30 June is fast approaching. As property investors, organising a tax depreciation schedule will increase your deductions and potentially yield a higher refund on your tax return. What is depreciation? Depreciation is the natural wear and tear of a building and the assets withi
Property·10 November 2021
Maximising investment property cash flow from spring clean and maintenance costs
November 10, 2021 | Property Now spring is here, many property owners might be considering a freshen-up of their home or investment properties. As a property investor, you may have the added benefit of claiming your spring maintenance and cleaning costs as immediate tax deductions. But how does this
Property·30 June 2021
How to immediately claim tax deductions for your investment property
June 30, 2021 | Property Depreciation is a gradual decline of property and assets over time. It’s usually thought of as a high-value, slow-burn deduction as it can take up to forty years for an entire property to depreciate. For most property and assets, they have to be depreciated over 40 years, ho
Property·8 June 2021
6 things to do before renting out your home
June 8, 2021 | Property Are you thinking about moving to a new house but want to hold onto your current property? Turning it into an investment for the short or long-term can be a good option while increasing your cash flow. But before you do, here are six things you need to do before…
Property·27 May 2021
How to substantially reduce your tax with commercial property
May 27, 2021 | Property What is a commercial property? A commercial investment property is a property that people run a business from. It is income generating for the owner, by the way of rents from commercial tenants. A few examples of commercial properties are shop-fronts, warehouses, hospitality
Property·12 April 2021
FAQs on depreciation for property investors
April 12, 2021 | Property Most owners of an investment property are aware of claimable expenses such as council rates, property management fees, interest on loan etc. Depreciation is an expense often not considered even though it can be a large deduction that can make a big difference to your cash f
Property·8 April 2021
4 simple tips to save tax with your investment property
April 8, 2021 | Property Over the past 30 years, property investment in Australia has dramatically increased. Due to interest rates being at an all-time low, people have been taking advantage of these and buying property left right and centre. Whilst this is a good way to make use of spare cash, it
Property·3 February 2021
A simple explanation of common property depreciation
February 3, 2021 | Property Property rental rates and values are subject to constant change, and this is particularly evident for units, townhouses and other types of strata complexes. A constant amongst this sea of change is the tax deductions that rental properties provide to their investor owners
Property·17 December 2020
Financial Advice Report for Commercial Tenancies
December 17, 2020 | Property Entering into a commercial lease is a significant business decision as it requires a big commitment of both time and money. A commercial lease can be one of the largest obligations a small business may undertake, so the Queensland Government has put in place certain safe
Property·18 November 2020
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 explori
Property·15 October 2020
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 specifications can be achieved, along with lon
Property·15 September 2020
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 inves
Property·5 June 2020
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 gran
Property·4 February 2020
Key Changes To CGT Exemptions For Expats And Foreigners
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
Property·29 October 2019
The ATO Is About To Send Letters To Airbnb Hosts Over Unreported Income
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 w
Property·3 September 2019
What You Can And Cannot Claim On Rental Property Expenses
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
Property·19 June 2019
Don’t Forget to Claim Investment Property Depreciation This Financial Year
As a property investor, depreciation deductions can make a big difference to your cashflow. The Australian Tax Office (ATO) allows property owners to claim depreciation on their property as a deduction. Unfortunately, it is common for depreciation to be missed by property owners as it is a non-cash
Property·15 May 2019
Property Investors: Are you ready for the End of Financial Year (EOFY)?
It’s almost EOFY tax time, are you prepared? It is very easy to put off preparations until after 30 June, but doing this may mean you miss out on the best possible tax outcome from your property investment. The EOFY offers the best opportunity to sort out any issues you have with your investment pro
Property·23 April 2019
What you must know about incentives to lease
The Australian commercial leasing industry has been shaken up by incentives to lease. To the point where they have become an essential attribute to any negotiation. These incentives will vary in degree depending on the rental market at the time. For example, these incentives will be lower when there