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Australian Property Tax Advisers

Phone: +61 3 9597 9966

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25.01.2022 See the funny side of property investing from a cat's prospective .

22.01.2022 News update ~ how long before the polies start attacking capital gains and will it impact on property investment strategies Bowen stated There is a very close interaction here between negative gearing and capital gains taxWe are not doing what the Government is doing which is simply refusing to look at these matters. Chris Bowen, Radio National Breakfast, 11th June 2015 ... Labor had previously confirmed they are also looking at changes to negative gearing: Chris Bowen, ABC 7.30 Report, 30th March 2015

22.01.2022 De ja vu: holiday homes on the regulator's #compliance agenda again this #taxtime http://ow.ly/kkAi30jdedB

22.01.2022 The short answer yes, but be careful. A longer answer is be very careful it is very easy to trip up and breach one or other rules.

21.01.2022 Property Developers take note

21.01.2022 This new measure may impact land developers. Careful planning may be required here.

21.01.2022 Negative Gearing - will the Government tinker with tax relief for investors! Negative gearing is a result of the negative out flow of owning property or other assets via a loan. Its basically where the interest and other expenses are greater than rental income received. The shortfall can be offset against other income thereby saving you taxes. Many Australians enjoy the benefits of property investment and negative gearing.... So with the upcoming budget will the Government change the rules? Well in 1985 the then Hawke Government did change the rules by only allowing new properties to offset negative losses against future rental taxable income. There was such an outcry that they repealed the legislation 2 years later. Will any future governments change the rules? Maybe !. There has been some commentators mention that the Government should limit the tax relief to new homes only. What happened in 1985 was that the rules created difficulty being consistent with the remainder of the tax act. It would take a brave Government in deed to change a rule that so many Australians enjoy and aspire to have a negatively geared property. Is negative gearing all positive stuff? Find out in my next post

20.01.2022 See the funny side of property investing from a cats prospective .

19.01.2022 Some light humour

18.01.2022 Need help working through what you can claim as a landlord . Thats where we can help you ! Call Geoff on 9597 9966 to make an appointment to discuss your needs

18.01.2022 Sub dividing your home ! Come and talk to the tax experts who specialize in helping Aussies understand how to maximise their profit on their home development. Call 95979966 for an appointment

17.01.2022 Pitfalls to be aware of when entering into Airb&b business. If we can help you in this area please contact Geoff on 95979966

15.01.2022 Trust me - using a family trust vs SMSF There is a lot of media attention on SMSF and property borrowings but using a Family Trust also can provide spectacular results Many commentators focus on the benefits of using a SMSF and how property can be acquired using borrowings within superannuation. SMSF is fantastic for saving for retirement but is it always appropriate for your circumstances? ... Family Trusts, often referred to by many as for the rich and famous can be a great vehicle for estate planning A Family Trust will outlive a SMSF anytime. This is because a SMSF will only last as long as its members and when the last member departs so must the Assets. Where as a Trust can last for generations; up to 80 years in fact till the Trust needs to vest. This often at least 2 generations of families. The common question many ask me as a tax advisor is that will the government outlaw trust or arent they almost illegal ?. To be honest there is more control and regulation over SMSF than Trusts at present and its going to get worst. There has been lost of noise about SMSF space and will they be taxed, the SMSF space is very unclear. So if as long as you use a Trust correctly and not distribute profits to the family cat , dog or next door neighbour , amazing results can be achieved for both general tax planning and long term estate strategies. When using a trust it should be noted that a beneficiary cannot bequeath trust property their will. The trust property belongs to the Trust and the trustee determines its use etc. What happens to the trust property or the portion of income to the beneficiary upon the death of the beneficiary will only be decided by the Trust Deed for the Family. Each persons circumstances are different so it is important to obtain good advice before using a Family Trust or a SMSF. The advice provided here is of a general nature

12.01.2022 Our lastest blog about Sam

12.01.2022 Why do housing prices in places like Australia and Singapore continue to rise when in other parts of the world theyve fallen off a cliff? http://intheblack.com//why-do-house-prices-keep-rising-in-

10.01.2022 Interesting times in Victoria

09.01.2022 About time the playing field in our back yard was cleaned up for our future generations of Young Australians . !!

08.01.2022 For those who love their home .......

08.01.2022 Property owner investors take note

07.01.2022 Even the Ato gets time off from collecting money for our country

06.01.2022 De ja vu: holiday homes on the regulators #compliance agenda again this #taxtime http://ow.ly/kkAi30jdedB

06.01.2022 Foreign investors be careful that you understand the new rules.

06.01.2022 Dont fence me in !

06.01.2022 Lots of talk about how hard it is for the young buying a house . Here is how one young man did it. I like the first paragraph where he reckons you need to live and be nice to your parents until age 23. Really !!! I expect my billy lids wont leave the local parents hotel until their late 20's . Any why wouldn't you hang around with good food , free washing but no ironing, beer in the fridge, Netflix and free wifi what more does a big kid want. !!

04.01.2022 New technology making it easier to get the parties together and organise a lease quicker . Good news all round

04.01.2022 Where there is a way there is a tax

04.01.2022 Negative gearing is not isolated to property investment. It is nothing more than a specific case of the general principle that the expenses incurred in generating income are deductible.

03.01.2022 Need help working through what you can claim as a landlord . That's where we can help you ! Call Geoff on 9597 9966 to make an appointment to discuss your needs

02.01.2022 Telling it like it is !

01.01.2022 Don't fence me in !