
Claiming interest expenses for rental properties
Interest is a common deduction claimed by taxpayers. Generally, interest is seen as being inherently deductible where it is incurred in gaining or producing assessable income.
An established factor from court cases is that the deductibility…

COVID-19 and SMSF rental relief
The Federal Government announced a six-month moratorium on evictions of commercial and residential tenants during the COVID-19 health pandemic. This moratorium (and its accompanying code of conduct leasing principles) will inevitably affect…

Rental property: Tax approach adjusts for COVID-19
The
COVID-19 pandemic has placed property owners, and tenants in many cases, in
unfamiliar territory. Many tenants have been paying reduced rent or ceased
paying because their income has been adversely affected.
While
rental income may be…

Entering the investment property market
Purchasing a property for investment
purposes can involve a different set of considerations compared to purchasing a
home to live in. Here are some tips to get you started.
Which rental market?
First, decide if your property will
cater…

The property versus shares debate
In times of boom and bust, it’s hard to have a rational
discussion about different assets. Opinions tend to move to the extremes. We
hear statements such as “shares are too risky but you can’t lose with property”
or “the property…

6 tips for investing in property
We are often
asked if it is a good time to invest in residential property. Quite simply
there is no yes or no answer to this question. The real question you need to
ask yourself is, “is this the right time to invest in property for me?”
There…

Renovating? Be careful not to over-capitalise.
Perhaps due to the popularity of
do-it-yourself (DIY) television programs, home renovations are big business.
The rewards are there, but watch out for the hidden costs – and we’re not
talking about fancy tap-wear!
Australians
in increasing…

How much do I need to start investing?
Far from being the realm of the rich,
building an investment portfolio is something that most people can do. It can
start as a simple savings plan – a few dollars in the bank – before expanding
into a diversified portfolio containing a…

Rental property owners: Top 10 tips to avoid common tax mistakes
The ATO is reminding rental property owners that each year it sees some fairly common mistakes being made with tax claims, and the outcomes that result, in regard to investment properties. It has therefore released a list of the top 10 stumbles,…