All Entries Tagged With: "investment property tax"
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 [...]
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 [...]
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 [...]
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 [...]
