Category: Property Investment
We have a client whom has paid a deposit for a commercial property in the December period totaling $30,500.00. We do not currently have a tax invoice for the payments (however we can try request one) and the property will settle in approximately three months. Are we entitled to claim the GST credits on the deposit paid?
Australia has had its fair share of disasters over the last few years – drought, bushfires and floods – that have ramped up the volume of insurance claims. Most people would assume that if and when they need to claim on their insurance, the insurance payout covers the damage and is not income assessed for tax purposes – but this is not always the case.
Legislation that passed through Parliament last month prevents taxpayers from claiming a deduction for expenses incurred for holding vacant land. The amendments are not only retrospective but go beyond purely vacant land.
People work hard to gain more money in order to save for their future home. However, for many younger Australian, apparently, it takes more than a hard work to pursue a house of their dream. Thankfully, the government recently released a program called the First Home Super Saver Scheme. This program allows people to saveRead More »
The 2017/2018 Budget provides some interesting changes that could affect people with investment properties if the recommended modifications become legislation over the next few months. Minor changes have been suggested to negative gearing, incentives have been increased to encourage property owners to provide affordable housing, and some of the infrastructure funding could offer substantial propertyRead More »
Do you want to get ahead in life financially? Do you have your own goals and are working towards them? If you don’t or if you’re not sure if your goals are the best for you, or if you are struggling to reach your goals, it may be time to evaluate some things around yourRead More »