Buying Investment Property in an SMSF: 6 Common Mistakes

More and more investors, and particularly Baby Boomers, are using their Self-Managed Super Fund (SMSF) as a vehicle to buy an investment property. So I’d like to share some of the most common mistakes I see people making so you can avoid them. Key points 1. Debt Your Self-Managed Superannuation Fund (SMSF) can borrow money to: […]

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5 ways buying property in super is different

Investing in property with your super has been extremely popular over the past few years, hasn’t it? And the reasons why are far more interesting than it just being a bit trendy!  The main benefit is that super is an alternative avenue for property investing that has very little impact on personal finances or your future […]

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The top 5 issues with asset protection

Asset protection seems to be a recurring topic with clients over the past few months. Although we are not lawyers the same issues seem to crop up. So let’s have a look at the top issue of asset protection that every property investor should consider: 1. Should I have a will? The answer is yes if […]

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Is your home exempt from CGT?

Trying to get your head around Capital Gains Tax (CGT) can sometimes be like attempting to learn a new language. You think you’re doing alright with it and then someone from that country starts talking to you thinking you’re a local and you end up quite confused and no doubt a little embarrassed. Of course, […]

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Do you know the new tax rules for vacant land?

There have been changes to the taxation legislation to limit deductions that can be claimed by property investors for holding vacant land. These changes received royal assent on 28 October 2019 and apply to costs incurred to hold vacant land on or after 1 July 2019, even for land held before that date. But since many investors […]

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Top 10 tips to help rental property owners avoid common tax mistakes

Want to avoid the taxman rejecting your claim? Even worse, do you want to prevent the taxman from digging deeper and auditing your affairs? The Australian Taxation Office has a lot of information on their website to help property investors. Whether you use a tax agent or choose to lodge your tax return yourself, the […]

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Some of the most frequently asked Coronavirus Tax Questions

Are you wondering how your changed circumstances related to COVID-19 may affect your tax situation? Well, you’re in good company. The Australian Taxation Office has provided a lot of information on their website to assist you. Here’s a list of the most frequently asked questions they are getting from individuals and employees as well as […]

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Property investors – here’s what the tax man wants you to know

The Australian Taxation Office is aware that residential rental property owners may be concerned about how COVID-19, floods, or bushfires have reduced their income. This may be a result of tenants paying less or entering deferred payments plans, or travel restrictions which have affected demand for short-term rental properties. New legislation also affects the tax […]

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The tax man does not have children

You thought we no longer had death duties but call it something else and we can see that the tax man can get a slice of your superannuation on your death if it goes to certain people. Everyone who has children knows that the Bank of Mum and Dad is an institution that runs 24/7 […]

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