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Rebecca Mackie

The ATO examines property investors as deduction issues increase

The ATO examines property investors as deduction issues increase

The ATO has issued a warning to property investors this tax time following rental income and deduction errors found in over 70 per cent of tax returns audited last financial year

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( Posted in: Investment Property )

Employers exempt from FBT for retraining employees

Employers exempt from FBT for retraining employees

Employers who deliver training to employees who are to be made redundant will now be exempt from fringe benefits tax after the legislation passed through Parliament.

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( Posted in: Tax )

Tax exemption for ‘granny flat’ arrangements

Tax exemption for ‘granny flat’ arrangements

To protect older Australians, the Government has moved to formalise ‘granny flat arrangements’ by providing an incentive to protect all parties in the arrangement.

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( Posted in: Investment Property )

Problems That Occur When Subdividing Your Land

Problems That Occur When Subdividing Your Land

Many Australians decide to subdivide their backyard without considering how that can affect them from a tax point of view.

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( Posted in: Tax )

Utilising Redraw For Your Investment Property

Utilising Redraw For Your Investment Property

My client, let’s call her Rachel, is planning on moving into this property for one to two years and renovating it during that time, before moving on to her next property and renting this one out.  There are many things to think about when getting a mortgage but I am only going to look at the potential tax effects of different loan structures.

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( Posted in: Investment Property )

Changes To CGT Exemption For Inherited Property

Changes To CGT Exemption For Inherited Property

When someone inherits a dwelling there are some special rules contained within the main residence exemption provisions that can provide a full exemption if certain conditions are met. If the conditions are not met, the beneficiary might face a nasty capital gains tax (CGT) bill for their good fortune.

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( Posted in: Investment Property )

Offset VS Redraw For Property Investors

Offset VS Redraw For Property Investors

It's a tricky decision for many, so our property expert has given some advice on what will be best for you. 

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( Posted in: Investment Property )

Can I Claim Travel Expenses For My Rental Property?

Can I Claim Travel Expenses For My Rental Property?

Travel expenses relating to inspecting, maintaining, or collecting rent for a residential rental property cannot be claimed as deductions by investors. The travel expenditure is also not recognised in the cost base of the property for CGT purposes.

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( Posted in: Allied Health )