Viewing entries tagged
rental property

ATO doubles rental deduction audits

ATO doubles rental deduction audits

In the 2017-18 financial year, more than 2.2 million Australians claimed over $47 billon in deductions and the Australian Taxation Office (ATO) thinks that is too much - one in ten is estimated to contain errors.

Super Concessions For First Home Savers And Downsizers

Super Concessions For First Home Savers And Downsizers

Does superannuation offer an avenue to help downsizers and first home savers? The Government seems to think so. Late last month the detail of the housing initiatives announced in the Federal Budget were released for consultation. We explore what’s on offer and the implications.

What everyone selling a property valued at $750k or more needs to know

What everyone selling a property valued at $750k or more needs to know

Every vendor selling a property needs to prove that they are a resident of Australia for tax purposes unless they are happy for the purchaser to withhold a 12.5% withholding tax. From 1 July 2017, every individual selling a property with a sale value of $750,000 or more is affected.

Should you really buy a rental property?

Should you really buy a rental property?

So…you are thinking about getting into the property investment market, but you haven’t quite worked out what the strategy is. Everyone else is doing it so maybe I should.  There are a lot of people that spruik rental property purchases but they focus heavily on the tax benefits.  Is that a good reason to buy or is there something else?  What does negative gearing mean and why has there been so much talk in the media about it.