Property
Support Available in the Wake of Ex Tropical Cyclone Alfred
When a disaster strikes, as we’ve seen recently, it’s often difficult to navigate avenues for support across different agencies.We’ve put together this guide to summarise what support is available in the wake of ex-tropical cyclone Alfred, and the eligibility conditions to access that support. We cover both Queensland (QLD) and New South Wales (NSW).If we…
Maximising your Returns: How Property Depreciation Works
Property tax depreciation refers to the decline in value of an investment property’s assets over time due to wear and tear. The Australian Taxation Office (ATO) allows investors to claim this depreciation as tax deductions, thereby potentially increasing tax refunds and increasing the effectiveness of negative gearing. How is Depreciation Categorised? 1. Capital Works (also…
Ensuring ATO Compliance for Property Investors
Each tax season, the Australian Tax Office pays special attention to areas where taxpayers often make mistakes, intentionally or unintentionally. Rental properties have been a key focus this year, with the ATO revealing that 90% of audited rental property schedules contained errors. These errors accounted for a $1.3 billion shortfall in tax collection. Common issues…
Turning Equity Into Opportunity: A Guide to Debt Recycling
Debt recycling is a strategy that can help property owners maximise their wealth accumulation while efficiently managing their debts. By leveraging the equity in their property to invest in income-generating assets, individuals can effectively reduce their non-tax deductible debt while simultaneously building their investment portfolio. This impact is greater if the equity they are leveraging…
NDIS Real Estate Investment: A Beginner’s Guide
The National Disability Insurance Scheme (NDIS) has opened new opportunities for real estate investors keen on supporting disability housing while tapping into Australia’s burgeoning market. Through its Specialist Disability Accommodation (SDA) scheme, the NDIS offers funding, sparking a surge in demand for accessible purpose-built dwellings that meet the needs of Australians with disabilities. However, the…
Changes to Stage 3 Tax Cuts
The Federal Government has unveiled a proposal to reshape the scheduled Stage 3 personal income tax cuts, set to commence on 1 July 2024. This decision comes after extensive speculation, with the government aiming to reallocate and extend the benefits of these tax cuts to a larger segment of the Australian population. What are the…
The Benefits of a Pay As You Go (PAYG) Withholding Variation
Choosing to use a Pay As You Go (PAYG) withholding variation, can provide property Investors the opportunity to optimise their cash flow by altering the amount of tax their employer withholds each pay cycle. This article sheds light on the mechanisms, benefits and the interplay of depreciation, in enhancing cash flow through a PAYG withholding…
How to Get Your Investment Property Ready for the New Financial Year
How to Get Your Investment Property Ready for the New Financial Year August 17, 2023 | Property, Tips and Tricks As a property investor, the beginning of a new financial year is a prime moment to take a step back, assess your investment strategy, and make sure everything is in order. This article breaks down…
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. That’s where a…
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 returns in 2022. In this…