Potentially Yes Investors building a new rental property often assume that none of their interest expenses can be claimed until construction is complete and the property is advertised for tenants. That
Save time and avoid amended tax returns. Our 2026 Tax Return Checklist explains exactly what you need before meeting with your accountant.
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
A compulsory acquisition of an investment property can trigger a large capital gain at the worst possible time. In some cases, Subdivision 124-B may allow that gain to be deferred into a replacement asset. This article explains how the rollover works, how foreign residency and withholding affect the process, and
How the Gift & Buy-Back Strategy Can (Sometimes) Fix a Costly Tax Problem Upgrading your home is exciting. Keeping your original home as a rental often feels like a smart long‑term move. But for many couples, doing both at the same time quietly creates a structural tax problem — not
Understanding the New ATO Guidance on Holiday Homes and Tax Deductions The ATO has withdrawn its 40-year-old ruling on holiday homes and replaced it with new draft Taxation Rulings and Practical Compliance Guidelines. These changes tighten the rules on claiming deductions for owning holiday homes, focusing on whether the property
If you’re like many property investors in 2025, you might be wondering: How can I create reliable income and growth without overextending myself? You’re not alone — we hear this from clients every week. One proven answer is the granny flat strategy. Adding a granny flat isn’t just about creating
New Residential Seller Disclosure Requirement in Qld from 1st August 2025 What Property Sellers and Their Advisors Must Know Introduction Buying or selling a home in Queensland is about to undergo significant changes. From 1 August 2025, sellers will face new legal obligations to disclose important property details upfront —
Summary of how the Principal Place of Residence (PPR) Exemption is impacted by moving overseas. When Australian homeowners move overseas and become non-residents for tax purposes, selling their principal residence (PPR) can lead to significant capital gains tax (CGT) liabilities. Since 1 July 2020, non-residents have generally been ineligible for
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] Having an investment property prior or posted to it being a principal place of residence has tricky CGT Calculations. Capital Gains Tax (CGT) is an essential consideration for property owners when selling a property used for different purposes over time. This blog outlines
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
