How Capital Gains Tax can impact the sale of your property
When you sell an asset (let’s say a property), you … Continued
When you sell an asset (let’s say a property), you … Continued
While negative gearing is a method commonly applied to rental … Continued
Most businesses stem from a passion, and many passions show themselves in our recreational and hobby activities. The lines begin to blur when we start making money from what we love, whether it be a full time or ‘spare time’ pursuit.
The methods for claiming your car expenses have changed in the last 12 months in an effort to ‘simplify’ the way deductions are made.
Tax Planning Tips for 2016! Find out how to minimise your tax with a few easy steps.
You’re looking to buy an investment property and wondering how it will affect your tax situation?
Firstly, it’s important to note the difference between a residential or commercial property. If you purchase a residential investment property, there is no GST applicable. This also means you cannot claim any GST, however a commercial property will require you to charge GST and lodge BAS on a Quarterly basis. There will also likely be GST on the purchase and sale which you need to consider.
