Newsletter

Why pay the ATO $10,000 when you don’t have to!

Here’s how to Reduce Tax!! Case Study: A wage earner on $87,000/yr will pay $19,822 in tax according to the ATO tax scales for 2017/18. If this wage earner releases the equity to buy an investment and claims all the allowable tax deductions including depreciation on buildings and plant & equipment, then they may be able to reduce their tax in excess of $10,000/yr. Obviously, every situation is different & you are advised to seek professional financial guidance. If you own a home worth $450,000 and owe $250,000 at present, you could release $110,000 to purchase an investment property worth […]

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Highest Property Confidence ever Recorded

Highest Property Confidence ever Recorded According to a recent survey conducted by the Property Council of Australia, industry professionals have high hopes for the June 2018 Qtr. The ANZ/Property Council survey, which consults to over 1,000 property professionals nationwide, registered a confidence index of 143, which the Property council of Australia stated is the highest ever recorded. The results of this survey are cause for optimism and has strong economic significance for the Australian property industry. Confidence across the industry is being led by Queensland & South Australia. The outlook for the housing sector is improving, construction activity is picking […]

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Rental property tax deductions you can and can’t claim

Rental property tax deductions you can and can’t claim The end of financial year is a busy time for property investors to review their investments and put together their receipts ready to lodge tax returns.             Take a look at the list below and seek legal and financial advice from qualified professionals, to ensure you claim exactly what you are entitled to.   What you can’t claim Expenses you cannot claim include: Those relating to your personal use of the rental property Utility bills paid by the tenant Borrowing costs where you have borrowed against the equity in the investment […]

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Will the Government Decide how your Assets are distributed when you die?

From our experience, dying without a will can cause significant issues in resolving your estate & the distribution of your assets. Most people don’t know that if you die without one, the government in the state in which you live will determine how your estate is divided up. That means they can distribute assets to beneficiaries that you did not want to receive the asset & loved ones may miss out. Is this what you want to see happen??? Dying ‘intestate’ – the legal term for dying without a valid will – could mean that you don’t get to choose […]

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