by Investment Plus Accounting Group | Feb 20, 2023 | Depreciation, Property Investment, Property Investment Tips
Knowing about your investment property tax deductions will undoubtedly boost your tax return. However, many investors miss out on expense claims because they aren’t equipped with the knowledge presented by the Australian Tax Office (ATO). Seeing the full potential of...
by Investment Plus Accounting Group | Feb 20, 2023 | Interest Rates, Property Investment, Property Investment Tips, Property Outlook
Rising interest rates and falling house prices don’t have to be a cause for alarm for households. Overall, there are many things that you can do to prepare, like examining your financial position and not making unnecessary purchases on depreciable items like cars and...
by Investment Plus Accounting Group | Feb 20, 2023 | Capital Gains Tax (CGT), Property Investment, Property Investment Tips, Property Tax
A granny flat arrangement is a written agreement that gives an eligible person the right to occupy a property for life. Ordinarily, an arrangement like this may trigger CGT because it is the creation of a contractual or other right (CGT Event D1). From 1 July 2021,...
by Investment Plus Accounting Group | Feb 2, 2023 | Property Investment, Property Investment Tips, Tax & Accounting
It’s easy to see why property investment is a tried and tested way of building wealth in Australia. Firstly, history tells us that Australian property prices go up in the long term, despite the occasional fall. So there are great, inflation-busting returns on offer,...
by Investment Plus Accounting Group | Feb 2, 2023 | Property Investment, Property Investment Tips, Tax & Accounting
The fundamental objective of property investment is wealth creation, achieved through a combination of income and capital growth. Investment property is real estate that’s bought with the aim of earning some kind of financial return. This return can be rental...
by Investment Plus Accounting Group | Sep 29, 2022 | Land Tax, Property Investment, Property Investment Tips
Revenue NSW will issue the 2023 Land Tax Notice of Assessments from January 2023. We have prepared a list of the main changes to Land Tax for 2023 which covers the following: Extended Payment Plans Opt – in Digital notifications Changes to Land Tax 2023 Land Tax...