News

Rental Bond Data Matching By The ATO

The ATO is expanding its data matching program to include rental property bond data dating back to 20 September 1985 (the introduction of the CGT regime).

GST On Property - Will It Affect You?

There have been some changes to how GST on new properties is accounted for. These changes are now law, coming in as of 1 July 2018. We are now seeing a number of clients asking how this will actually work.

What Do You Need to Know About Airbnb?

So, there are extra rooms that you don’t use and it’s just occurred to you that the extra cash that could come in from renting a room or two on Airbnb outweighs the negatives of having a complete stranger in your home...

OK, what do you need to be aware of?

Property Development Tax in a Nutshell

Are you considering a development as your next venture within the world of property? Have you reviewed your potential income tax and GST liabilities?

Main Residence Exemption – The Burden of Truth

I would expect that the majority of property owners and investors have heard something about the “six year main residence exemption for Capital Gains Tax purposes”. If not, here is a brief rundown:

UPDATE - Withholding tax on property sales

Last year we wrote an article detailing the new withholding tax introduced for properties sold to foreign residents.  For any property sold for more than $2 million after 1 July 2016, the purchaser had an obligation to withhold 10% of the sale price.

Investment Properties – Pre & Post 30 June 2017

Anyone with investment property in Australia is probably feeling a little edgy with all the recent media attention on deductions, affordable housing, and negative gearing.  We take a look at some of the key tax issues for investors pre and post 30 June:

Budget changes to depreciation for investment properties

The latest federal budget has seen changes to the way property investors can claim depreciation. This will potentially cost investors thousands, although it is yet to be legislated.