Tax Legislation
Stay ahead of the ATO Tax Deadline in 2024
As an Australian taxpayer, staying on top of key tax dates is crucial for individuals and businesses alike to ensure compliance and meeting the ATO tax deadline. To help with this, we’ve compiled the following list of important tax cutoff dates to keep track of in 2024. ATO Tax Deadline Dates for Individuals ATO Tax…
Read MoreFailed QLD Land Tax Law Deals Long-Term Damage to Fragile Rental Market
We recently conducted a study that shed light on the serious and lasting effects of the Queensland government’s failed attempts to alter Land Tax calculations. This research was shared across the national media. Through our research, we discovered that the mere announcement of the tax changes caused an exodus of investors from the rental market,…
Read MoreThe truth about depreciation and CGT
There are plenty of quandaries swirling around the zeitgeist which confound me. For example, what university course should I take to become a millionaire ‘influencer’? Also, why wasn’t our national anthem composed by a sweat-drenched, pub-rock band from Adelaide? Big questions that someone else will have to resolve I’m afraid. However, there is a line…
Read MoreThe NSW Stamp Duty fallout: my three big predicted outcomes
There’s been a cacophony of opinion this week filling column inches and taking over the airwaves of property centric media. Refreshingly, the big news wasn’t pandemic related. Nor did it involve a concession speech of any description. No, the chatter has been dominated by a NSW government discussion around the abolition of stamp duty which…
Read MoreScrapping schedules – They were great, but here’s why they’re a thing of the past
You’ll have to excuse us Quantity Surveyors as we get very excited about certain dates. The May 2017 budget (9th of May) heralded the largest change to depreciation rules since 2006, it certainly ruined what would have been a perfectly good glass of Shiraz as I sat watching Scott Morrison at home. For anyone lucky…
Read MoreAre depreciation legislation changes affecting property investor behaviour?
Yes, yes they are. Or at least, it seems that way. Now I’m tempted to just leave it there for my own amusement, but anyone that knows me will know I won’t be able to help myself in sharing the data I’ve crunched. Let me give you some background; On the 9th of May 2017…
Read MoreBuilding approvals point to a potential future housing shortage
It doesn’t seem that long ago we were talking about an oversupply of apartments across Sydney, South Melbourne, and Brisbane. However, a lot has changed in the past few years. The ABS October figures on building approvals show a seasonally adjusted estimate for total dwelling units falling by 8.1% in October. The graph below from…
Read MoreWhat you need to know about short term leasing your investment property
I’ll admit that I struggled with an appropriate title as the above one is certainly clunky, but I wanted to share some tips on how to rent your investment property out on a short-term basis, similar to an Airbnb type setup. My pet subject is depreciation, so I’m not going to let you get…
Read MoreThe ever-changing demographics that drive smart investment decisions
Those who know me, know I don’t mind a chat. Whiling away my time via the exchange of ideas is a joy. Best of all, it’s a move out of my professional comfort zone – a chance to expand the mind beyond ‘rates per square metre’ and legislative minutia. Economists, builders, buyer’s agents and investment…
Read MoreWhat sort of tax deductions will a swimming pool give you?
Swimming pools and depreciation – What sort of tax deductions will a swimming pool give you? It’s not unheard of for an investment property to have a swimming pool, certainly a shared one as part of the common areas of a larger unit development is very common. However, residential houses with swimming pools aren’t terribly…
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