What are the tax and investment considerations for a Granny Flat above versus a Tiny Home below? Income Tax Return Reporting - Income Streaming Tiny Homes Tiny home ownership does not have to follow the ownership interest of the underlying property ownership. For...
Secondary Dwelling From December 2023 the Victorian Government has passed planning changes to make it easier to build Granny Flats - or "small secondary dwellings", on existing homes. The Victorian Premier Jacinta Allan revealed that planning permits will no longer be...
The ATO is particularly targeting property investors that are not using the help of a specialist property tax accountant like Umbrella Property Accountant, due to the high error rate being discovered from ATO Audits. The ATO Audits into self-preparers have uncovered...
Travel allowances are paid to employees who are travelling for business.
Solar Panels for Business – Tax Considerations
When looking at the price of solar panels, investors and businesses should be aware that the rebate is assessable income in the year of purchase
Airbnb a global upstart is an open source whereby everybody can rent out their home or a room on a short them basis over the internet.
The Tax Office is concerned business structures have been used to reduce the actual income derived by owners to far less than if they were assessed in their hands directly.