by C&N Accountants | Jun 27, 2024 | Capital Gains Tax, Residential Property
When it comes to capital gains tax (CGT), the main residence exemption can help keep your family home tax-free when you sell it. However, like most tax matters, it can sometimes be complicated. As Darryl Kerrigan famously said in *The Castle*, “It’s not a...
by C&N Accountants | Feb 12, 2024 | Property Investment, SMSF, Superannuation
In Australia, property investment holds a significant appeal, notably due to the attractive 15% preferential tax rate on income during the accumulation phase and the potential for tax exemption during retirement. This has led many SMSF trustees to consider property...
by C&N Accountants | Dec 7, 2023 | ATO, Capital Gains Tax, Property Investment, Tax Deductions
There has been a recent controversy in the tax field due to a remarkable case in which a taxpayer, defying the odds, obtained a deduction for a significant loss from the sale of her home. In this blog, we will investigate the specifics of this surprising development...
by C&N Accountants | Oct 2, 2023 | Holiday Homes, Property Investment, Property Investment Tips, Property Rental, Rental Tips
If you’re a property investor utilising your property for short-term stays or leaving it vacant, you should pay close attention. The regulators are now setting their sights on you. Victoria’s Groundbreaking Move In a significant development, the Victorian...
by C&N Accountants | Sep 22, 2023 | Capital Gains Tax, Income Tax, Land Tax, Property Investment, Property Investment Tips, Tax Planning, Tax Tips
So, you find yourself possessing a prime piece of land, perfect for a subdivision. You’ve done your homework, discussed the details with the Council, and builders, and secured financing from the bank. But, a critical aspect often goes overlooked – the tax...
by C&N Accountants | Apr 18, 2023 | Capital Gains Tax, Property Investment, Property Investment Tips, Property Outlook, Residential Property
Property values, as history demonstrates usually increase over time. Indeed, through all financial crises and economic difficulties Australia has faced, the one thing constant that has continued to yield returns is property investment. If you’re not investing in...
