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Is your family home really tax free?
“Is my home tax free?” It’s a common question for Australian homeowners. This article delves into the complexities of the main residence exemption, explaining when your family home might be subject to capital gains tax and how to navigate the rules.
... read moreShould you be the ‘bank of Mum & Dad’?
As the baby boomer generation initiates a significant wealth transfer, the ‘bank of Mum & Dad’ becomes crucial in bridging the gap for home ownership. Learn about the financial implications and strategies involved.
... read moreSMSF Property Investment: Your 5-Step Guide to Success
Embark on a journey to financial security with our SMSF property investment guide. Learn to structure, navigate lending, and boost your fund.
... read moreThe controversial case of the taxpayer who claimed a loss on their home
Explore the intriguing case where a taxpayer claimed a loss on a home sale as a tax deduction, challenging standard property tax norms and the ATO's view.
... read moreWarning: Redrawing investment loans
Discover the tax complexities of redrawing investment loans. This article sheds light on ATO’s scrutiny and the need for correct reporting.
... read moreIs ‘downsizing’ worth it?
Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity to use this strategy if it suits their needs.
... read morePreparing For Your Rental Property’s Tax Deductions
Property is a solid investment opportunity for those looking to increase their financial security. If you are a landlord, you may be looking for ways to reduce your tax liability this year. This may assist you in turning your property’s cash flow from a negative into a positive.
... read moreTop 10 Tips for Property Investors
Are you looking at buying an investment property? There’s no one-size-fits-all method to property investing, it requires an individualistic approach. You need to recognise and focus on your own specific goals, needs and situations to succeed.
... read more