Property Investment

Tax Office to Double Audits of ‘Dodgy’ Rental Deductions

By Warren Kruger / June 13, 2019 / 0 Comments

  | | | Rental property owners are being warned to ensure their claims are correct this tax time, as the ATO has announced it will double the number of audits scrutinising rental deductions, with a specific focus on: over-claimed interest; capital works claimed as repairs; incorrect apportionment of expenses for holiday homes let out […]

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Airbnb in the Firing Line This Tax Season

By Warren Kruger / June 10, 2019 / 0 Comments

  | | | With the increased popularity in “sharing economy” accommodation Airbnb and similar properties are predicted to be in the firing line this year with the ATO. It comes as no surprise the ATO have recently commenced the ‘sharing economy (accommodation) data matching program’. Through this program the ATO will be collecting information […]

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Investment Tax Issues You Need To Be Aware Of

By Warren Kruger / December 10, 2018 / 0 Comments

Investors must consider a range of tax laws dealing with income, assets and deductions. Even that term “income”, the meaning of which most of us would assume, can take on nuanced shades of meaning when considered regarding investment. For example, investment income earnings such as dividends and interest are typically considered ordinary income. Franking credits, […]

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Have You Had A Change In Creditable Purpose For GST Reporting Purposes?

By Warren Kruger / September 15, 2018 / 0 Comments

Sometimes your business may end up using an asset you purchased, such as a property for example, in a way that is different to what you had originally planned. It pays to remember that if you claimed GST credits for assets that have had their intended use change from that originally planned, you need to […]

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Dealing With Tax and Renting Via Airbnb

By Warren Kruger / April 22, 2018 / 0 Comments

Airbnb is one of many examples of the “sharing economy” — connecting buyers (users) and sellers (providers) through a facilitator that usually operates an app or a website. Airbnb acts as this facilitator by allowing individuals, referred to as “hosts”, to rent out a room of their house or their whole house for a short-time […]

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Can a SMSF Invest in Property Development?

By Warren Kruger / February 17, 2018 / 0 Comments

The ATO has been sending some mixed messages about property development involving an SMSF, and has indicated that it is one of the issues on its radar for 2018. So is property development an allowable investment for an SMSF? The short answer yes, but be careful. A longer answer is be very careful — it […]

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