Save time and avoid amended tax returns. Our 2026 Tax Return Checklist explains exactly what you need before meeting with your accountant.
Federal Budget 2026 Property Tax Guide The Federal Budget 2026 property tax changes have raised big questions for Australian property investors. What happens to negative gearing? How will the Capital Gains Tax change? Are family trusts still useful? What about bucket companies, SMSFs and company ownership? It can feel confusing.
When buying an investment property, the numbers absolutely matter. Rental yield matters. Cash flow matters. Borrowing capacity matters. Tax outcomes matter. Holding costs matter. Future growth prospects matter. If the numbers do not stack up, the deal should not proceed. But property buying is not just a numbers game. It is
Labor Targets Housing with ‘Shared Equity’ Scheme
Property Landscaping Tax Deductions? A common question asked by clients! How do I treat for tax the cost of landscaping to improve the value of a property? Landscaping is an improvement to the property and therefore not deductible under section 8-1. OK, what about landscaping being deductible under Div 43
Buying the land next door can be a great idea to expand your wings while retaining the CGT Main Residence Exemption. We come across clients that have purchased the adjoining block of land, either at the time of the original purchase or some time later for various life style reasons
It is a widely recognised fact that capital gains tax (CGT) does not apply to a taxpayer’s main residence (PPR). What is less well known however is that the main residence CGT exemption can be extended to cover the time it takes to construct (or repair) that residence. In other
A client inherited a property from her late parents which was used as their Principal Home. The parent’s family home has been transferred to her as part of the estate. The two year period is now coming due as such she needs to determine what are the capital gains issue
After pulling down an old house on an inner city block, 4 town houses were built, then sold to another developer during construction – one of the GST traps! John & Mary bought a rental property in the year 2000, however are now considering demolishing the house to build a
Umbrella Accountants – Property Accountants Brisbane If you rent out your principal place of residence that was acquired after the 20th September 1985, there may be a CGT issue to consider! Properties purchased before 20th September 1985 will not be subject to CGT regardless if rented out. If your principal
Umbrella Accountants – Property Accountants Brisbane Renovations completed after 1985 can be deemed to be a separate asset to the original property, and hence CGT will be applicable. Example John & Mary purchased a residential property in 1984 for $195K to use as their primary residence. In 2000 they moved
The Margin Scheme came about so those in the business of selling real property only paid GST on the Buy / Sell Margin – if they weren’t able to claim GST when they purchased the real property now that they are on selling. The purchaser however cannot then claim any GST
