Land Tax
Tasmania: Foreign Property Investor amendments
introduce a 2% foreign investor land tax surcharge for residential land acquired on or after 1 July 2022.
11 May 2022
introduce a 2% foreign investor land tax surcharge for residential land acquired on or after 1 July 2022.
A federal Labor government would deliver a $329-million help-to-buy scheme, providing 10,000 Australians with a government guarantee of up to 40 per cent on new homes or 30 per cent on existing homes with a two per cent deposit.
Labor Targets Housing with ‘Shared Equity’ Scheme
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 yield indicates better cash flow, which
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 downsizer contributions from 65 to 60 years, which will come into
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.
NDIS / SDA Housing GST Considerations 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 residential investment property. GST Refunds
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. SDA – Specialist Disability Accommodation Typically, these are otherwise residential properties built
Buying before selling your main residence can still qualify for the main residence exemption if 2 key requirements are met Normal or buyers’ Market – Selling before buying a new home is normal Historically in a neutral or buyer’s market, you would typically want to sell your home before buying a
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 and the RAT
SMSFs can develop, or sub-divided property to sell or hold to rent out. Property Developments can help build wealth quickly for retirement.
Property Price Increases and Tax? 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 and it qualifies for the main residence exemption, then the owner can