Doing a Development with Others – Structuring Guide
As property deals become more expensive many people are looking to minimise the risk by doing a development with others.Sometimes it is two family members together, other times it will…
The Cost of Property Development: What You Need to Know
In the ever-expanding field of property development, understanding the complexities of costs is not merely an option; it's a necessity. Particularly for new property developers in Australia, navigating the financial…
Preparing for Audit? Get the Best Property Tax Accountant on Your Side
As you traverse the path of property ownership and investment, one inevitable companion on your journey is tax. Property tax, to be specific. Yes, it might seem overwhelming, especially when…
Navigating the Complexities of Mixed Loans
Mixed loans can be a complex tax issue to understand. This blog post aims to demystify some of the challenges and considerations associated with mixed loans, especially in relation to…
Property Tax Accountant: Luxury or Necessity? Make an Informed Decision
Owning property in Australia comes with its own unique set of tax rules, obligations, and opportunities. Whether you're a seasoned property investor or a newbie landlord, navigating the maze of…
Professional Tax Accountant talking to a Property Developer
8 Lethal Mistakes Your Property Tax Accountant Might be Making
Navigating the labyrinth of property tax accounting is no small feat. It's a journey fraught with potential pitfalls and lethal mistakes that can cost you dearly. In the realm of…
property tax specialist brisbane
The Ultimate Guide to Choosing the Right Property Tax Accountant in Brisbane
The Ultimate Guide to Choosing the Right Property Tax Accountant in Brisbane Are you a property owner in Brisbane who is struggling to navigate the complex world of property taxes?…
property development tax specialist
Main Residence – Demolish and Build Two Townhouses and Sell – Tax Implications
What tax implications are there when I demolish my main residence, build two townhouses and sell them ? A common question I get asked is what the tax implications are…
Investment Property Tax Deductions
INVESTMENT PROPERTY TAX DEDUCTIONS - THE ULTIMATE GUIDE INVESTORS TAX RETURN CHECKLIST As property investors preparing your tax return is a necessary, though sometimes an unwanted, part of holding your…
Rental Properties – What to Provide an Accountant at Tax Time
As property investors preparing your tax returns is a necessary, though sometimes an unwanted, part of holding your investment property. So, what sort of things should you be collating when…
How to calculate capital gains tax?
REVENUE OR CAPITAL ACCOUNT The first question to ask is not how much capital gains tax you will pay but rather is it subject to the capital gains tax regime…
Why Using a Company for Your Joint Venture Might Not Work
As banks are tightening up their lending criteria and people look at doing Property Developments it is becoming more common for two or more parties to undertake a development together.…
If You Own Property in QLD – You MUST Read This !
Under the Land Tax Act, owners are liable for land tax if the total value of the non-exempt Queensland land they own as at 30 June exceeds the tax-free threshold.…
Capital Gains Tax – A Way to Minimise It
Capital Gains Tax - How Third Element Costs Might Reduce Your Capital Gain In some situations it is possible for the expenses incurred while living in a property to be…
Property Development Structuring – Ideas to Consider
I'm Doing a Property Development. How Should I Structure It ? I recently had the pleasure of presenting at one of Bob Andersen's "The Property MasterMind" seminars in Melbourne Property Development…
Family Trust Property | Key Mistakes
2 CRITICAL MISTAKES PEOPLE MAKE WHEN SETTING UP A FAMILY TRUST TO PURCHASE PROPERTY A common question, and sometimes one of the reasons that clients call me, is to ask“should…
Investment Property Accountant
5 Questions to Ask When Choosing an Investment Property Accountant Choosing a property tax specialist to assist with your wealth journey can seem like a daunting task. How do you really…
CGT – Main Residence Subdivision and Sell a Block
cgt main residence subdivision
6 Year Rule CGT
What is the 6 Year CGT Rule ? How does it apply to my main residence ? Once you move out of your main residence there is a rule that…
What Happens When a Rental Property Becomes Your Main Residence ?
Rental Property Becomes Main Residence Let's assume that Troy and Mary purchased an investment property on 1 July 2005 for $300,000 and rented the property from the day they purchased…
GST – Margin Scheme – How Does it Work ?
GST and the Margin Scheme - The Ultimate Guide The margin scheme may assist in reducing the GST payable on the sale of real property. The rules provide an alternative…
Capital Gains Tax Investment Property
Capital Gains Tax on Your Investment Property Wondering how to calculate the amount of capital gains tax on your investment property ? This article will discuss how things work from…
Investment Property Accountant in Melbourne
Investment Property Accountant in Melbourne Well you have finally purchased your first investment property. Or maybe it's your fourth. And you are looking for an investment property accountant in Melbourne. …
Grant Options – Property and Tax Implications
Bob entered into an option agreement to sell a block of land in December 2020. Under the option agreement the purchaser has to pay a fee of $20k per quarter…
Main Residence – Expat – Property and CGT
Bob used to be an Australian tax resident and is now a non resident for tax purposes. What happens when he sells a property that was his main residence in…
Loss Carry Back Rules
Companies with an aggregated turnover of less than $5 billion will be able to carry back losses from the 2019-20, 2020-21 and 2021-22 income years to offset previously taxed profits…
selling your property and capital gains tax
Capital Gains Tax When You Sell Your Property
When you sell your property, you will need to determine whether you have made a capital gain or capital loss on the sale. Many people think that there is some…
Reviewing Your Products and Services
As a business owner have you been wondering where to start in analysing your business during COVID ? This might be a useful start 1. What were your biggest challenges…
Renting out Rooms in Your Main Residence and Impact on the 6 Year Absence Rule
Main Residence 6 year absence rule and renting out rooms
Bob decides to rent one room in his main residence to Jane after he moves into the property immediately after purchase. Bob and Jane continue to live in the property…
Late Superannuation – Don’t Make This Mistake
Bob gets a huge shock !!! His bookkeeper who organises superannuation payments for him and his employees paid his employees superannuation late. His accountant picks this up and tells bob…
Company vs Trust for Holding Property – Is it Clear Cut ?
We discussed whether Bob should hold an investment property in a company or a trust.Trust, trust, trust yells all the accountants.Companies don't get the discount you fool.Agreed. And sometimes that…
Expats and Capital Gains Tax
Ran a modelling scenario for an expat on a property that was their main residence. The results shocked them. "So you are telling me that if I sell the property…
FBT and Workhorse Vehicles
Bob has employees who have "workhorse vehicles" It might be prudent for Bob's company to have those employees complete a declaration. Not perfect but a decent risk mitigation strategy. And…
Property Tax Council Proposal to Boost the Construction Industry
The Property Tax Council has put forward a proposal to the Government to assist with boosting the property industry following the impacts of COVID-19 on the Australian Economy