In 2016/2017 there were 2.179 million residential property investors submitting tax returns claiming $47.4 billion in expenses. This large figure is the honey pot to the ATO bee who sees any reduction in claimable expenses as low hanging fruit to boost the budget. With significant increases in the ATO’s operating budget particularly with technology, property

They say blood is thicker than water but when it comes to distributing your wealth, human instinct can take on a darker side because money is involved. People often feel vulnerable when contemplating their death, but this is no excuse to not have a Will. It’s vital that you receive legal advice when preparing your

Question Our property was purchased 15th Feb 1996 and lived in as principal place of residence (PPR). Purchase price $173,750, plus costs. I relocated due to work transfer 7th July 1997, property available for rental as at 8th July 1997.  Property value as at 7th July 1997 say $300,000.   On basis that property is

How can I help my children into property. Parents often ask how they can help their children into property and even contemplate giving one of their existing properties to children. For those more financially free giving a property while they are still alive when they can see the joy it creates can be very heart-warming

Are You Paying Too Much Tax on Your Property Developments? Are you an arm chair developer or astute investor and business person?   Property developing seems as popular as property purchasing but the risks are significantly greater. Unfortunately, many developers make avoidable mistakes that increase their risks both commercially and tax obligations where in many