by Garry Wolnarek | 16 Dec 2017 | Capital Gains, Property Taxation, Tax Planning
Property development could it be just a “mere realisation of an asset”? A “mere realisation of an asset” implies that the profits made are subject to capital gains tax with the benefit of the 50% discount, whereas otherwise would be seen as an enterprise, and...
by Garry Wolnarek | 26 Jan 2017 | Capital Gains, General, Property Taxation, Small Business, Tax Planning
The average Southeast Queensland backyard is being split at a rapid rate by “mun 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...
by Garry Wolnarek | 20 Nov 2014 | Property Taxation
Prepaying expenses up to 12 months ahead are allowed as a deduction in the earlier year. In this case 2014. Prepaying expenses increases your deductions, reducing your tax. Most people prepay the following types of expenses – Rates – Council & water...
