by Lilian Fisher | Nov 18, 2020 | Economy, Perth, Property Investment, Tax & Accounting
Are you thinking about building a new investment property? With the numbers proving that new properties hold the most depreciation deductions, building new is a popular choice. Understanding construction costs can provide a ballpark figure of what to expect when...
by Lilian Fisher | Nov 18, 2020 | Depreciation, Economy, Perth, Property Investment, Tax & Accounting
This renovation tip can save you thousands Renovating an investment property is different to renovating your own home. Whether the renovation is big or small, you will be taking a head over heart approach and doing what will help you improve your return on investment....
by Lilian Fisher | Nov 13, 2020 | Economy, Land Tax, Perth, Property Investment, Tax & Accounting
Absentee Owner Surcharges | Duties Act 2000 (Victoria) From the 2020 land tax year, an absentee owner surcharge of 2% applies to Victorian land owned by an absentee owner. The surcharge was 1.5% from 1 January 2017 and 0.5% for the 2016 land tax year. The absentee...
by Lilian Fisher | Nov 13, 2020 | Economy, Land Tax, Perth, Property Investment, Tax & Accounting
Discretionary Trusts in NSW: Foreign Persons – Surcharge land tax & purchaser duty Recently enacted changes to purchaser duties and land tax arrangements will expand surcharges for trusts which include foreign persons as beneficiaries. Legislation passed to amend...
by Lilian Fisher | Oct 19, 2020 | Economy, Perth, Tax & Accounting
The Budget has introduced temporary measures intending to stimulate business investment and deliver further cash flow benefits. Key insights To assist eligible businesses impacted by COVID-19, temporary tax loss carry-back measures have been introduced to offset...
by Lilian Fisher | Oct 19, 2020 | Economy, Perth, Tax & Accounting
Key insights Bringing forward personal income tax cuts should result in an immediate cash increase for most employees. Low income earners will receive additional support through the increase to the Low Income Tax Offset and maintaining the current Low and Middle...
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