Julia's Blog
By Julia Hartman
Download PDF There are huge tax consequences of being in a property business. You can hold a property for many years and the ATO can still claim that you purchased it with the intention of resale at a profit. So subject to income tax, no 50% CGT discount and with new or substantially renovated …
Download PDF Update – The ATO have released a draft ruling TR 2025/D1 about holiday homes that are used for both private and rental income purposes. The ruling does not allow a tax deduction for any of your ownership costs such as rates, insurance, interest, depreciation, land tax, repairs and maintenance unless the property is …
Download PDF This blog is directed at owners of strata units that are used to produce income. Note this includes owner occupiers where there is income earned by the body corporate from common property. It is also relevant to committee members who are concerned about the body corporate’s tax obligations. Tax Deduction for Body …
Download PDF General Deductions: You can only pay a maximum of 12 months in advance. In the case of interest payments check if the bank will let you do this and that they do treat it as an interest payment not just let it reduce the loan balance. If you pay rates, insurance …
Download PDF There is so much material around about buying and owning an investment property but not much about how it all works out in the end. The general idea is the investment property is negatively geared for much of your working life. The losses are then recovered by the capital gain you will realise …