All Entries in the "Tax Tips" Category
Land Tax calculations for New South Wales
Property Investors are charged land tax in all states and territories of Australia.
As in all areas of Australia, Land Tax is payable on the total value of land held by an owner, be it a sole owner, joint owner, trust or whatever. Various states have different rates of land tax so if you own properties, [...]
Interest rates up again, no surprise really – Tax Variation
Rising Interest rates and Tax Variation
The fact that interest rates were put up again this week didn’t surprise too many people given the fact that there was not an interest rate rise in February. Property investors need to be prepared for this as there will probably be a few more this year. View our stategies [...]
Land Tax in Queensland
Following is a chart with the Queensland Land Tax rates. For examples go to Queensland Treasury land tax. “Land tax is assessed on the taxable value of an owner’s total land-holdings.”
Rates for individuals (other than absentees, companies or trusts)
Taxable value
Rate of tax
$0–$599,999
$0
$600,000–$999,999
$500 plus 1 cent for each $ more than $600,000
$1,000,000–$2,999,999
$4,500 plus 1.65 cents for [...]
Understanding Capital Gains Tax
For starters, as most people are aware, there is no Capital Gains Tax on your principal place of residence. The Capital Gains Tax laws relate to properties investment income or properties from which you intend to derive an income.
* The first and foremost point to understand about Capital Gains Tax is that it is [...]
Purchasing A Property In The New Year?
Although the RBA seems to be of the opinion that consumer spending is proving that the country is in an upswing, the financial lenders have yet to join the party.
It is still difficult to arrange a loan and for this reason there are not that many people being able to bid at auctions for fear [...]
Stamp Duty Calculators
A very relevant part of purchasing investment property is making sure that you have all your finances accounted for so that there are no surprises when settlement day arrives.
Stamp duty is a very real part of purchasing property and is charged by the state. There is no avoiding it if you are purchasing investment property.
To [...]
Effects Of Land Tax On Investments
Land that is deemed taxable is:
* Vacant land
* Land that is built on
* Lots in building unit plans
* Lots in group title plans
* Lots in a time share scheme
* Lots owned by a home unit company
How is land tax assessed?
The unimproved value of land is assessed quarterly on 1 July, 1 October, 1 January and [...]
Understanding The Services Of A Quantity Surveyor Services
Firstly, it is amazing how many property investors do not realise how having a professional Tax Depreciation Schedule can save them money. A tax depreciation report is lodged with the ATO and shows them the value of the property, any additional assets that have been added to the property in the past tax year, and [...]
Catching Up On Capital Gains
Capital Gains Tax is a topic that even if not current for you, is often at the back of your mind when dealing with property investment so here is some information that may be of help to you.
Rent out your house and avoid Capital Gains Tax was an article written by Sarah Mills for Money.ninemsn.com [...]
Did You Realise That TSL Project Services Pty Ltd Is Australia Wide?
When purchasing property across the width and breadth of Australia it can be a bit daunting wondering who you should use for various services. As you become more experienced you will build yourself a list of people and companies to deal with.
TSL Project Services Pty Ltd is a chartered Quantity Surveyor with contacts in Brisbane, [...]
