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Tiny homes have excellent rental yields, income streaming and tax minimisation strategies. How do they compare to a Granny Flat?

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...

Easier for Victoricans to build Granny Flats from December 2023.

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...

Property Investors to ensure income and expenses are correct.

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...

Self-Managed Superannuation Fund (SMSF) investing in Rental Properties.

by Garry Wolnarek | 9 Dec 2022 | Property Investors, Superannuation, Uncategorized

SMSF Property Investment 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...

30 June 2022 SMSF Checklist

by Garry Wolnarek | 24 Jun 2022 | Superannuation, Uncategorized

The end of the 2022 financial year is fast approaching and we would like to take an opportunity and provide all our clients SMSF year-end housekeeping checklist.1. For SMSF Contributions, you are claiming a deduction for:Ensure notice of intent to claim tax deduction...

Superannuation downsizer contributions age drops to 60 from 65, from 1st July 2022

by Garry Wolnarek | 4 Apr 2022 | Property, Superannuation

Downsizer Contributions allow people planning for retirement to contribute proceeds from the sale of their home into superannuation to help fund their own super pensions. The government passed a measure in Feb 2022 to reduce the eligibility age for making...