by Garry Wolnarek | Jun 22, 2025 | Property Investors, SMSF Property, Superannuation
Considering a SMSF setup before 30 June 2025. Pause.If there are no contributions or assets in the fund, you could be triggering thousands in avoidable compliance costs, all without gaining any strategic benefit. Why timing matters for SMSF setup Setting up an SMSF...
by Garry Wolnarek | Jun 8, 2025 | Capital Gains, Land Tax, Principal Place of Residence, Property Advice, Property Developers, Property Investors, Property Taxation
Important Timing Considerations – Especially Around Financial Year-End ⚠️ Important Timing Considerations – Especially Around Financial Year-End Scenario Overview Option Granted: 1 May 2024 Option Fee: $50,000 (non-refundable) to purchase a commercial property for...
by Garry Wolnarek | Apr 6, 2025 | Capital Gains, Principal Place of Residence, Property Advice
Main Points Considered A New Zealand Citizen living in Australia, do they qualify for the First Home Owners Grant (FHOG) Also, can they qualify for the First Home Owners Stamp Duty Concessions What if they rent out the spare bedroom to help pay the mortgage? Scenario...
by Garry Wolnarek | Mar 8, 2025 | Capital Gains, Principal Place of Residence, Property, Property Investors, Property Taxation, Rental Properties, Tax Planning
Principal Place of Residence Exemption Loss if Sold While Overseas Summary of how the Principal Place of Residence (PPR) Exemption is impacted by moving overseas. When Australian homeowners move overseas and become non-residents for tax purposes, selling their...
by Garry Wolnarek | Feb 28, 2025 | Capital Gains, Principal Place of Residence, Property, Property Investors, Property Taxation, Rental Properties, Uncategorised
Having an investment property prior or posted to it being a principal place of residence has tricky CGT Calculations. Capital Gains Tax (CGT) is an essential consideration for property owners when selling a property used for different purposes over time. This blog...
by Garry Wolnarek | Feb 23, 2025 | Land Tax, Property, Property Advice, Property Investors, Property Taxation, Tax Planning
Picture of a vacant block of land to illustrate it may be subject to land tax What is Land Tax? Land tax is a state and territory-imposed tax on the unimproved value of taxable land owned by individuals, companies, and trusts. It is calculated annually based on a...
by Garry Wolnarek | Feb 15, 2025 | Principal Place of Residence, Property
Temporary Resident in Australia Suppose you are a temporary resident in Australia and want to purchase a Principal Place of Residence (PPR). In that case, there are restrictions and requirements you must follow, mainly governed by the Foreign Investment Review Board...
by Garry Wolnarek | Feb 8, 2025 | Superannuation
Seven changes impacting your super in 2025 Superannuation rules are constantly changing, and 2025 is set to bring some updates that could affect your retirement savings. Whether you’re just starting to build your super or already planning for retirement, keeping up...
by Garry Wolnarek | Apr 7, 2024 | Property, Property Advice, Property Investors, Property Taxation, Rental Income, Uncategorised
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. For...
by Garry Wolnarek | Jan 10, 2024 | Property, Property Advice, Property Investors, Property Taxation, Rental Properties, Tax Planning, Uncategorised
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 will no longer be...
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by Garry Wolnarek | 19 May 2018 | General, Tax Planning
Individual Income Tax Changes No changes to rules around work-related deductions Despite the publicity surrounding the high level of work-related expenses (WRE) claims, and the ATO’s strong focus on this area, the Budget did not announce any measures in that...