When buying an investment property, the numbers absolutely matter. Rental yield matters. Cash flow matters. Borrowing capacity matters. Tax outcomes matter. Holding costs matter. Future growth prospects matter. If the numbers do not stack up, the deal should not proceed. But property buying is not just a numbers game. It is
New Residential Seller Disclosure Requirement in Qld from 1st August 2025 What Property Sellers and Their Advisors Must Know Introduction Buying or selling a home in Queensland is about to undergo significant changes. From 1 August 2025, sellers will face new legal obligations to disclose important property details upfront —
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 nine out of ten tax returns reviewed were filed
Latest view to claiming GST on NDIS SDA Properties Read part 1 here (opens in a new tab) Compliance Cost – NDIS SDA Registered Provider The cost and time to get SDA Registered via the NDIA are unclear, indications provided to us from existing SDA Registered Providers indicate the process
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
Frequently asked tax questions for rentalproperties affected by COVID-19 My tenants are not paying their full rent or have temporarily stopped paying rent because their income has been adversely affected by COVID-19. Can I still claim deductions on my rental property expenses? The simple answer is Yes If tenants are
Recently the ATO has publicly advised of a number of instances whereby property developers were jailed for GST and tax payable on property flipping.One, in particular, involved a Victoria woman who has been jailed for 2 years and 10 months for GST fraud of $1.7 million.The women in question Ms
A luxury property developer who caused a loss of $3.4 million to the Commonwealth through GST fraud has been sentenced to six years’ jail after an ATO investigation. Mr Ensor’s conviction came after an ATO investigation found he had structured his companies to fraudulently obtain GST credits and failed to
Labor’s Negative Gearing – limited to New Construction Labor may implement tax policies of negative gearing restrictions, reduction of the CGT discount, and ending excess dividend imputation if it wins government next year. If you hold any investments you may be subject to Labor’s negative gearing restrictions which would likely
Buying the land next door can be a great idea to expand your wings while retaining the CGT Main Residence Exemption. We come across clients that have purchased the adjoining block of land, either at the time of the original purchase or some time later for various life style reasons
Yes, if you are carrying on a business of letting residential rental properties after the 1st July 2017. Generally speaking passive property investor can no longer can claim travel expenses from the 1st July 2017 to:- To collect rent Maintain the property Complete inspections Attend body corporate meetings All associated
The average Southeast Queensland backyard is being split at a rapid rate by “mum and dad” investors. The Courier Mail has revealed the number of lots being approved for subdivision in Southeast Queensland has doubled in the past 5 years. Subdivision of lots approved have increased from 9332 in 2012
