by Garry Wolnarek | 22 Sep 2018 | Capital Gains, General, Property Taxation, Tax Planning
House & Land Development Tax Planning Opportunities Property development has become a way for mums & dads and the like to capitalise on their big backyards, with a small property development subdivision. Those with house lots over 1000m2 have opportunities to...
by Garry Wolnarek | 5 Aug 2018 | General, Property Taxation, Tax Planning
Most will be aware that the 2017 Federal Budget removed depreciation on fixtures and fitting included in a 2nd hand rental property, for example – carpets, window covers, hot water services, ovens, and the like, If purchased post the 9th May 2017. If you have owned...
by Garry Wolnarek | 9 Jul 2018 | General, Tax Planning
2018 DEDUCTIONS FOR SPECIFIC INDUSTRIES AND OCCUPATIONS Please see below our 2018 Individual Tax deduction Checklist. You may be able to claim deductions for expenses that directly relate to your work as an employee. To claim a work-related deduction: you must have...
by Garry Wolnarek | 19 May 2018 | General, Tax Planning
Individual Income Tax Changes No changes to rules around work-related deductions Despite the publicity surrounding the high level of work-related expenses (WRE) claims, and the ATO’s strong focus on this area, the Budget did not announce any measures in that...
by Garry Wolnarek | 12 Apr 2018 | Capital Gains, General, Insights, Property Taxation, Tax Planning
Buying the land next door can be a great idea to expand your wings while retaining the CGT Main Residence Exemption. We come across clients that have purchased the adjoining block of land, either at the time of the original purchase or some time later for various life...
by Garry Wolnarek | 24 Feb 2018 | General, Property Taxation, Tax Planning
Yes, if you are carrying on a business of letting residential rental properties after the 1st July 2017. Generally speaking passive property investor can no longer can claim travel expenses from the 1st July 2017 to:- To collect rent Maintain the property Complete...
