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Property Investment

Capital gains & property: The top questions and answers

The thought of the Australian Tax Office (ATO) sharing up to 50% of any gain you make on an investment decision is enough to strike fear into the hearts of most people.  Given Australia's love affair with property, it is little wonder that we are often asked about the impact of capital gains tax (CGT) on property.  This month, w...

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Rental Property Expenses - What You can and Can't Claim

It’s not uncommon for landlords to be confused about what they can and can’t claim for their rental properties.   What often seems to make perfect sense in the real world does not always make sense for the Australian Tax Office (ATO).  In general, deductions can only be claimed if they were incurred in the period t...

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Be Careful About Property Arrangements With Family

The Administrative Appeals Tribunal (AAT) has held that a taxpayer who jointly owned a townhouse with his son (who lived there) was liable for CGT on his share of the property when it was sold. Facts: In April 2002, the taxpayer purchased a townhouse for his adult son to reside in, but he had both of them registered on the title of th...

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Property & SMSFs - Loosening The Rules

If your SMSF has borrowed money (or thinking of borrowing money) to acquire ‘bricks and mortar’ property then there are a few things you need to know. In 2011, the  ATO released a ruling to clarify what you can and can’t do with property that is under a limited recourse borrowing arrangement (LRBA).  The ru...

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Improving Cashflow for Property Investors

One way in which a property investor can improve cashflow is by lodging a PAYG variation. A PAYG variation is an application to the ATO requesting that your employer reduce the amount of tax withheld from your regular salary or wage payments, to reflect the expected rental loss from your investment property.
This is effectively a way of red...

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