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 example, the principal main property may be
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 required to build small secondary homes on their properties. “Too often,
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 nine out of ten tax returns reviewed were filed
Latest view to claiming GST on NDIS SDA Properties Read part 1 here (opens in a new tab) Compliance Cost – NDIS SDA Registered Provider The cost and time to get SDA Registered via the NDIA are unclear, indications provided to us from existing SDA Registered Providers indicate the process
Gold Coast – Example of the Housing Rental Competing Forces Many Apartments are sitting empty most of the year, including an entire beachfront tower. Gold Coast mayor Tom Tate cited an entire high-rise sitting empty in the triple tower Jewel development at Surfers Paradise as an example of the level
New Land Tax Thresholds – COVID-19 debt – land tax surcharge Landholdings between $50,000 and $100,000 will have to pay an extra $500 annual fee on top of the increased land tax levy. Landholdings between $100,000 to $300,000 will pay an extra $975 annual fee on top of the increased
Joint Venture tax understanding for property developers in Australia What is a (JV) for Property Development A joint venture (JV) is a cooperative agreement between two or more parties in which all parties contribute their resources (such as money, skills, and assets) for the purpose of achieving a common goal.
The ability to borrow money and acquire property within the superannuation environment has seen the rapid rise of self-managed super (SMSF) to now be the largest sector of the superannuation industry (measured by funds invested), eclipsing both retail funds and industry funds. Buying property inside super is not for everyone
introduce a 2% foreign investor land tax surcharge for residential land acquired on or after 1 July 2022.
Labor Targets Housing with ‘Shared Equity’ Scheme
