Dreamt of purchasing an investment property but just don’t understand tax implications and benefits? Your not alone.
Everyone is talking about the property boom. But not everyone understands the tax implications of one of the largest investment decisions mums and dads can make. Take FULL advantage of the property boom with simple tax strategies. Whether you [...]
Here is another article relating to investment property versus superannuation. It is an interesting debate and, sadly, one that is unduly infulenced by political preferences:
INVESTMENT and Financial Services Association chief executive John Brogden yesterday blamed the federal government’s changes to superannuation last year for prompting people to turn to investment properties for their retirement savings.
In [...]
Whether buying or selling, this is an easy way to check property values:
Not sure about a property value? Get your property report in 5 seconds! The Individual Property Report from PropertyValue offers an estimate of a property`s current value, suburb and postcode median prices for houses and units, recent and surrounding sales, map detailing [...]
Whether you are buying or selling, this is an easy way to get up-to-date property values:
Not sure about a property value? Get your property report in 5 seconds! The Individual Property Report from PropertyValue offers an estimate of a property`s current value, suburb and postcode median prices for houses and units, recent and surrounding [...]
You can see what your 2010 tax refund will be using this tool: Free Online Income Tax Calculator
When it comes to online tax returns in Australia in 2010, the Tax Office’s message is “…stay on the right side of the law.”
This was a recent sponsored add on Google posted by the Australian Taxation office. They [...]
“Schemes that are promoted as “mortgage management plans” are promising to help home owners repay their home loan sooner and claim tax deductions to which they are not entitled, the Tax Office has warned.
Tax commissioner Michael D’Ascenzo said the arrangements are essentially about people refinancing their home loan and establishing what what appears to be [...]
Last year more than 1.4 million people claimed over $25 billion in rental deductions in their tax return. Over 200,000 of these people were claiming deductions for the first time.
With so many people claiming deductions the Tax Office is continuing its focus in this area to ensure they get the claim right.
This year the Tax [...]
Cash Flow Positive Property ==> NRAS – New Class of Rental Property
In its media release in August 2008, the Tax Office announced that investors will be targeted. The media release highlighted the following point in relation to investment activities:
Deductions for rental income increased by 11.8% in 2006-07 returns to 30 June 2008
We will focus on [...]
As the end of the financial year approaches, many investors become focused on tax planning. One popular option is paying interest in advance, for example, paying one year’s interest as a lump sum in June.
Making the payment in advance effectively changes the timing of a tax deduction, bringing it forward one year. [...]
In the late 1990’s some financial organisations began marketing “split” or linked loans on the basis of their potential tax advantages. The loan was structure into to two “split” sub accounts: one for investment use and one for private use. The loan repayment amount was calculated on the total borrowings. However, repayments were allocated firstly [...]
