by Garry Wolnarek | 13 Apr 2022 | Property, Rental Income, Rental Properties
If you’re looking to invest in property in 2022, it’s important to understand rental yield to ensure you get a good return on your investment. Rental yield is the annual income generated from rent as a percentage of the property’s value. A higher rental...
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...
by Garry Wolnarek | 26 Mar 2022 | Property
If you are considering buying off the plan properties, the ACT Government has further cut stamp duty for properties under $600,000 for a first home and downsizer buyers from the 1st April 2022. The ACT Government will cut residential stamp duty again to...
by Garry Wolnarek | 12 Mar 2022 | General
NDIS / SDA Housing GST Considerations NDIS / SDA Typically these types of residential investment properties are built to a much higher standard, but can also attract much higher returns in the order of 10% plus compared to 5% plus you could aim for with a good typical...
by Garry Wolnarek | 27 Feb 2022 | Accounting / Bookkeeping, NDIS SDA GST Free, Property Advice, Property Taxation, Small Business
National Disability Insurance Scheme What is the NDIS / SDA? NDIS The National Disability Insurance Scheme is a Federal Act developed in 2013 to allow people with a disability to exercise choice and control about matters that affect them- such as their housing....
by Garry Wolnarek | 19 Feb 2022 | Uncategorized
Buying before selling your main residence can still qualify for the main residence exemption if 2 key requirements are met Moving home in the current market Normal or buyers’ Market – Selling before buying a new home is normal Historically in a neutral or buyer’s...
by Garry Wolnarek | 18 Feb 2022 | General
Yes can claim the tax deduction for money spent on a RAT kit in the following cases: 1. You are required to take a test before undertaking work (e.g., as a mandatory requirement under an employer’s COVID mandate), or2. You are required to travel for work interstate...
by Garry Wolnarek | 12 Feb 2022 | Capital Gains, Property Advice, Property Taxation
SMSF and Property Developments have risks! SMSF’s and Property Developments have risks as a trustee you need to understand and document as part of the investment strategy. SMSFs can purchase, developed, or sub-divided real property to sell and or hold to rent...
by Garry Wolnarek | 5 Feb 2022 | Accounting / Bookkeeping, Property Advice, Property Taxation, Small Business, Tax Planning
Property Price Increases and Tax? Property Prices Increase what about taxes? Residential properties values have increased in some cases over 30% in the last year, what does this mean for owners and investors? Family Home If the property being sold is the family home...
by Garry Wolnarek | 30 Jan 2022 | Capital Gains, Property Advice, Property Taxation, Tax Planning
Granny Flat or Ancillary Dwelling Granny flats and ancillary dwellings have grown in style and versatility becoming an increasingly popular housing option as they allow families to downsize closer to their family and friends, and provide extra space for older children...
