by kirstyb | Aug 2, 2022 | Housing Prices, Interest Rates, Land Tax, Property Investment
By Andrew Stone (from Property Analytics) The Melbourne Housing market update. Prices are down from their late 2021 peak! The market started to run out of steam towards the end of last year. The Rolling 3 Month Median $ Price is now about 6% lower than its peak in...
by kirstyb | May 31, 2022 | ATO, COVID-19, EOFY, Finance, Property Investment, Tax & Accounting, Tax Returns
ATO has it’s eyes focused on these claims. There are areas the ATO is cracking down on this financial year, and bringing about greater attention to them now makes it easier to know what’s ahead. From changing work-related expenses to the sharing economy...
by kirstyb | May 31, 2022 | ATO, COVID-19, EOFY, Finance, Property Investment, Tax & Accounting, Tax Returns
There will be a comeback for income tax offsets in 2022 For Income Tax Offsets Beware – inactive amounts owed by taxpayers will be deducted from credits, starting in June 2022. Debts on hold will again to be used to offset tax refunds or credits starting this...
by kirstyb | May 31, 2022 | ATO, COVID-19, EOFY, Finance, Property Investment, Tax & Accounting, Tax Returns
The ATO is being called down to hunt down business debt. As such, being truly Financially Sorted is so much more than just submitting your annual income tax return. It’s making sure that business debt is in control. The double whammy of a pandemic hangover and...
by kirstyb | Feb 28, 2022 | Housing Prices, Property Investment, Tax Returns
The purchase of an investment property will be one of the biggest decisions of your life, both emotionally & monetary. Once purchased you can maximise your claim and get the most out of tax deductions. It is therefore imperative that you get it right! There are so...
by kirstyb | Feb 28, 2022 | Construction, Housing Prices, Land Tax, Property Investment
Basically, if you buy any investment, including a property, and sell it for another price, the difference between the amounts is your capital gain or capital loss. If you receive more for your property than what you paid for it, you’ll have made a capital gain...