Property Investment
More than 5 million Australians Struggle with Mortgage Repayments
According to a recent study, more than 5 million Australians are struggling with mortgage repayments. This is attributed to various factors such as rising living costs, stagnant wage growth, and high property prices.
Tax Compliance: The Problem When the Evidence Doesn’t Match What the Taxpayer Tells the ATO
The problem when the evidence doesn’t match what the taxpayer tells the ATO is a common issue in tax compliance. This can occur when the ATO receives information from third parties, such as employers or financial institutions, that does not align with the information provided by the taxpayer on their tax return. This can lead to discrepancies and potential audits or investigations by the ATO.
Investment Rules Within SMSF: Can a SMSF Invest in Property Development
The involvement of Self-Managed Super Funds in property developments often catches the attention of the ATO. Can you invest in real estate development with your SMSF? Find out here if investing in property development projects through an SMSF is allowed and the pros and cons of this strategy.
Changes in Victoria Property Market in 2024: 8 Major Events are Expected to Happen This Year
Victoria’s housing market continues to defy expectations! When major government-mandated reforms take effect, real estate professionals have warned buyers and homeowners that they are in for one of the most challenging years in the history of the state’s real estate market.
The Controversial Home Loss Claim: A case of the taxpayer who claimed a loss on their property.
The Administrative Appeals Tribunal's judgement has sent the tax world into a frenzy after the Tribunal ruled in favour of a taxpayer who sold the apartment she lived in for a loss and then claimed the $265,935 loss as a deduction on her tax return.
Property Analyst Claims that Stage Three Tax Cuts Will Result to House Prices Increase
Property analyst Niro Thambipillay gives a dire warning, claiming that stage three tax reduction will result in hikes in home prices and will take place in 2024. He thinks that the third stage of planned tax cuts, which coincide with anticipated interest rate decreases, will be what sparks the rise.
How Interest Rates Impact Your Investments
Many sorts of investments can be considerably impacted by changes in interest rates. Higher interest rates tend to have a negative impact on share markets. Here’s what you need to know about rising interest rates and your investments.
ATO Supercharges Its Campaign to Crackdown Incorrect Rental Property Report
The ATO boosts its campaign against rental property owners who incorrectly submit their income and expenses report. Based on previous data, there is a tax gap of around $1 billion from incorrect reporting of rental property income and expenses and the government has launched a more serious campaign against inaccurate tax report.
Rental Property Tax Deductions That Landlords Should Not Claim
Experts advised landlords to keep sufficient and correct records of their taxes. Here’s why you should keep sufficient records of your taxes and rental income and be careful not to overstate deductions.
