6 06, 2017

Are renovations included in my depreciation schedule?

2017-06-06T15:23:17+10:00 June 6th, 2017|Tax|0 Comments

People often tell us about the renovations that have been done to their investment property: "I've refurbished the bathroom, completely renovated the kitchen, polished the floorboards", etc. There is some confusion about how renovations are [...]

13 02, 2017

Why no one talks about property purchases and tax any more

2017-02-10T17:21:00+10:00 February 13th, 2017|Investment|0 Comments

Accountants need to be across a new foreign resident capital gains tax collection mechanism which came into effect on 1 July 2016. It impacts upon purchasers of direct interests in property but is also relevant [...]

12 12, 2016

What the Centrelink Pension Loan Scheme (PLS) means for you

2016-12-12T02:09:36+10:00 December 12th, 2016|Pension|0 Comments

Centrelink’s Pension Loan Scheme allows a retired person on a part age pension to borrow against the security of their home (or other property) at 5.4% pa interest to subsidise their living costs. The amount [...]

12 12, 2016

Small Business Tips come from the Australian Taxation Office (ATO)

2016-12-12T02:00:07+10:00 December 12th, 2016|Tax|0 Comments

The ATO reminds business owners to ensure they declare all cash and online sales in their tax return, including money they have earned from participating in the sharing economy. “If for example, you are renting [...]