by Garry Wolnarek | 22 Oct 2017 | Capital Gains, Property Taxation, Tax Planning
Capital Gains Tax on Deferred Property Settlements over 12 months A recent ruling on Capital Gains Tax on Deferred Settlement over 12 months by the ATO TD 94/89 has clarified a position in relation to capital gains tax – when a contract for sale has a deferred...
by Garry Wolnarek | 2 Oct 2017 | General, Property Taxation, Tax Planning
Land Tax Shock is a real concern, particularly with individuals working overseas for a number of years and being deemed Absentee for land tax assessments. What is Land Tax? Land Tax is a state based tax calculated on the freehold land value (Taxable Value) you own in...
by Garry Wolnarek | 11 Sep 2017 | Property Taxation, Tax Planning
GST Margin Scheme for Property Developments Under the margin scheme, GST is calculated on the sale as 1/11th of the margin. The margin is the GST inclusive sale price less the original purchase price, whereby previously GST was not able to be claimed. Unit Development...
by Garry Wolnarek | 7 Aug 2017 | General, Property Taxation, Tax Planning
Rental Property Tax Returns – Be Prepared: What you need to bring to your tax return appointment. If your’re coming in soon to discuss completing your rental property tax returns, please see the following to help ensure we can get the most effective result...
by Garry Wolnarek | 11 Jul 2017 | General, Property Taxation, Tax Planning
Melbourne taxable area The Victorian Government has introduced new legislation to levy an additional land tax on vacant residential properties. This tax will be the first of its kind in Australia. Under the proposal, owners of residential real estate in inner city or...
by Garry Wolnarek | 10 Jul 2017 | Tax Planning
Industry Specific Tax Deduction Guides Schedule a meeting – Click a time & place- Adult Industry Adult industry workers – claiming work-related expenses Airline employees Airline employees Australian Defence Force Australian Defence Force members – claiming...
