by Garry Wolnarek | 29 Nov 2023 | Property, Property Advice, Property Investors, Property Taxation, Rental Income, Rental Properties, Tax Planning
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...
by Garry Wolnarek | 19 Jun 2023 | NDIS SDA GST Free, Property
Latest view to claiming GST on NDIS SDA Properties Read part 1 here (opens in a new tab) investors in NDIS SDA Properties need to An SDA Registered Provider with NDIA having a direct management relationship with the NDIS SDA Participant, as the direct Lessor to the...
by Garry Wolnarek | 10 Jun 2023 | Land Tax, Property, Property Investors, Property Taxation, Rental Income, Rental Properties, Tax Planning, Uncategorized
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...
by Garry Wolnarek | 27 May 2023 | Covid-19, Land Tax, Property, Property Investors, Property Taxation, Tax Planning
Victoria was the most locked-down state in Australia, if not the world during Covid, resulting in the Victorian Government accruing over $30 Billion in debt to keep the doors closed. Victorian Statement Government wants to raise $8.6 Billion over the next 4 years by...
by Garry Wolnarek | 20 Mar 2023 | Joint Venture Agreements, Property, Property Developers, Property Taxation, Small Business, Tax Planning
Joint Venture tax understanding for property developers in Australia Joint Venture Agreement 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...
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...
by Garry Wolnarek | 23 Oct 2022 | Capital Gains, Property Advice, Property Estate
When the deceased person’s home has a mixed history of being a principal home and a rental, combined with the fact the estate sells the otherwise principal home after 2 years, the CGT is not so easy to understand for the family left to deal with how and if CGT...
by Garry Wolnarek | 29 Jun 2022 | Property, Property Investors
Why do you need a co-ownership agreement? Anyone can have a co-ownership agreement, one common scenario is:- This is where people who aren’t in a de facto or marital relationship want to buy a property together. They might be brother and sister, or friends, for...
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...
by Garry Wolnarek | 11 May 2022 | Land Tax, Property
The Tasmanian Government has introduced measures to: amend the Land Tax Act 2000 (Tas) to, among other things, introduce a 2% foreign investor land tax surcharge for residential land acquired on or after 1 July 2022. Note: the measures will not apply to principal...
