All Entries in the "Tax Tips" Category
Overseas Property Investing Taxation Issues
There has been much interest by Australians to invest in property overseas in recent times and here is an excerpt from “Investing In Australian Property” regarding overseas property investments.
“The ATO generally views income from investments in overseas property as ‘Foreign Source Income’. As such, it is treated differently than income derived from property investments in [...]
Tax Variation For Property Investors
Property investors like to maximise their tax refund on their property investments, and why not. This is one of the reasons many people invest in property as opposed to other methods of building wealth.
If an investor has geared their property to gain maximum tax benefits, or in this financial climate, has ended up in a [...]
Tax Related Issues With Property Investments
You might wonder why I am writing about tax related issues when it is September, just 3 months after the end of the tax year. The simple reason is this:
Why leave it until preparing for the next set of tax figures before fixing the mistakes made last year?
The Australian Taxation Office (ATO) sees a repetition [...]
Renovations Are The Order Of the Day
Times are still tough out there in the business world and with all this uncertainty anything to do with finances seems to have stagnated. What always seems to happen in the housing industry in times like this is renovation rather than selling and buying again.
I am sure you know a number of people who are [...]
End of Year Investment Taxation Expenses
It is nearing the end of the financial year and a visit to your Accountant is imminent.
When you are a property investor you need to consider your tax very carefully. If you have more than one property, take care to keep all the information for each property separate …..
Buying In Apartment Blocks
If you are going to purchase a unit property, even if there are only 2 units on the property, you will have to deal with a body corporate. The contract for purchase of a unit is different than …
When Is It Time To Sell Your Investment Property
This is a question that I would say all investors ask at one stage or another. It does not matter whether they are ‘buy and hold’ investors or those with a shorter turnover strategy.
A buy and hold investor will experience different events in their lives that give them thought as to whether or not they [...]
It’s Nearly Tax Time and Investors Should Be Getting Tax Deductions
Oh, yes, it is that time of year again for Australians. End of financial year is only 5 weeks away!
Property investing is not a game. Anyone who gets involved in property investing is doing so because they want to make money now and in the future. What can happen though is that an inexperienced investor [...]
Tax Time & Tax Depreciation
The Australian Taxation Office will no longer accept tax depreciation schedules from unregisterd Tax Agents.
In the past we have talked about using qualified people for all your property investment needs and now the ATO has passed a law that will even further tighten the requirements of property investors to have their returns done correctly.
All Quantity [...]
Cashing In On Higher Property Stock Levels
As the country sluggishly gets itself back on track financially, there are more property listings on the market than there was several years ago. In saying that, it does not necessarily mean it is a feast of undervalued houses, but certainly there are many to choose from, and yes, with so many on the market [...]
Depreciation Schedules And Your Taxation
Depreciation Schedules (DS) are one item with property investing that needs to be done correctly and by a professional Quantity Surveyor. Don’t delay. Get yours done NOW so you can go back 2 full years!! Contact TSL Project Services TODAY!
They have qualified Quantity Surveyors in most parts of Australia.
Taxation Benefits
It is surprising how may property [...]
Rental Income Taxation Deductions
The Australian Taxation Office (ATO) produces may publications and it pays to stay in touch to keep tabs on what taxation and rental property laws are changing.
A publication called Rental Properties 2010 details rental income and also expenses, how to account for depreciation and other tax-deductible costs associated with property investments. for more information visit [...]
Capital Gains Tax Re Renting Out Your House
Capital gains tax is one tax that constant has property investors wondering if they are taking the right steps when renting out their house. Many home owners who have built equity in their homes decide that renting it out and buying a better, often larger property for them to live in is the answer to [...]
