Govt Takes Aim at GST-dodging Developers
Dodgy property developers will no longer be able to collect GST on the sale of new residences and then dissolve their company to avoid passing it...
Insolvency and the Senate References Committee Report
In December last year, the federal government released a report on insolvency in the Australian construction industry.
Don’t Neglect Your Holiday Home, They Have Deductions Too
Whether you own a luxurious holiday home in Byron Bay or a bed and breakfast, while the property is income producing or available for rent, owners...
Kitchen Depreciation Deductions Add Up
They say that a kitchen is the heart of a home and this couldn’t be truer than when a property is used for investment purposes.
ATO Targets Phoenix Construction Companies on Gold Coast Games Sites
Directors of companies engaged in work on building sites associated with Commonwealth Games facilities who transfer assets between companies in order to avoid debts have been...
ATO Cracking Down on Real Estate Investors
The Australian Tax Office is cracking down on people claiming excessive deductions on their rental properties.
Areas to be Careful About When Claiming Deductions
It’s the start of a new financial year and the 1.8 million Australians (approximately eight per cent of the population) who own an investment property will...
Split it Right and the Deductions Will Delight
The Australian Taxation Office (ATO) will be paying close attention to the deductions claimed for investment property owners this tax time, with one area of their...
ATO Chases Dodgy Advisers to Foreign Investors
The Australian government appears to be stepping up its campaign to deal with the unchecked acquisition of domestic property by foreign investors.
Frequently Asked Property Depreciation Questions
As a building gets older and items within it wear out, they depreciate in value. The Australian Taxation Office (ATO) allows property investors to claim a...
ATO Swoops on Vic Homes, Businesses
Homes and businesses across Victoria have been raided on suspicion of tax "mischief".