by Investment Plus Accounting Group | Mar 24, 2023 | ATO, Holiday Homes, Property Tax, Tax & Accounting
Taxpayers claiming deductions on holiday homes are in the ATO’s sights. The ATO is more than a little concerned that people with holiday homes are claiming more deductions than they should and have published the starting questions they will be asking to scrutinise...
by Investment Plus Accounting Group | Mar 15, 2023 | Property Investment, Property Investment Tips, Property Tax, SMSF, Superannuation
Self-Managed Superannuation Funds’(SMSFs) are a tax effective and efficient way of saving for your retirement. For many Australians, SMSFs are increasingly being used to purchase property. The advantages of a self-managed super fund depend on your circumstances,...
by Investment Plus Accounting Group | Mar 15, 2023 | Property Investment, Property Investment Tips, Property Tax
Property values, as history demonstrates always 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...
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,...
