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ATO Labor Government on Tax & Super

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Tax on investment property In general, taxpayers are able to deduct from their assessible income any expenses they incur generating or producing that income. An investment is negatively geared when the cost of owning the asset is more than the return. Negative gearing is not limited to property but can apply to other assets such as shares. In 2016-17, Australians claimed $47.5 billion in rental deductions against gross rental income of around $44.1 billion. A number of capital gains tax (CGT) exemptions potentially apply to investment property. For Australian resident individuals, a 50% CGT discount applies to net capital gains made on investments held for longer than 12 months. In addition, a taxpayer’s main residence is exempt from CGT. As part of this exemption, a taxpayer can be absent from their main residence for up to 6 years and still claim the property as their main residence (assuming they do not treat any other property as their main residence). So, the property can be
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5 tips for building an investment property

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The property investment landscape is changing rapidly and uncertainty in different market factors has resulted in more need than ever to seek expert advice before investing in property. While this uncertainty can create confusion, it is also an opportunity for savvy investors to utilize a number of different strategies to maximize their profits. Some of the more effective strategies involve adding value to an investment property. The popularity of ‘house flipping’, where investors buy a sub-optimal home and renovate it to sell, has exploded in recent years and has been buoyed by a number of ‘reality’ TV shows like The Block. However, renovating an existing property has a number of pitfalls, with most people finding that budgets are blown out of the water, or that the renovations become all consuming. There are better ways to add significant value to an investment property, while providing considerable tax minimization benefits at the same time. 1.   Pick a growing suburb
Location: Surfers Paradise QLD 4217, Australia
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Why Should You Hire a Financial Adviser?

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Many people have this common question;‘Why should I pay somebody to manage my finances?’ This is of course quite justified until you understand how beneficial financial advisers can be. Based on 15 years of research, analysis and testing, Vanguard, one of world’s largest investment companies concluded that when you work with a financial adviser, there is a quantifiable increase in returns. A separate study by Russell Investments, a large money management firm, estimated an increase of returns by 3.75 per cent when a good financial adviser is hired. These studies are proof of how beneficial a financial adviser could be. Before we go on to explain in detail the main benefits of hiring a financial adviser, let us first understand what or who a financial adviser or a financial planner is. A financial adviser is an individual who has expert knowledge and appropriate qualifications that can offer valuable industry insight and expertise above that of a laymen or general cons
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Location: Queensland, Australia
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