by Garry Wolnarek | 7 Apr 2024 | Property, Property Advice, Property Investors, Property Taxation, Rental Income, Uncategorized
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....
by Garry Wolnarek | 10 Jan 2024 | Property, Property Advice, Property Investors, Property Taxation, Rental Properties, Tax Planning, Uncategorized
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...
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...
