Julia's Blog
By Julia Hartman
Download PDF I am not objecting to the replacement of the 50% discount with indexation. Sometimes indexation will produce a lesser capital gain than the 50% discount as under the discount half of your gain would be taxable no matter how bad inflation had been. With indexation at least you are only taxed on …
Download PDF There is a new question we will be asking you this year. Just how often do you use your holiday home yourself compared with the rental income it is earning? It is no longer just a question of apportioning expenses between private and income producing times. Unless the holiday home is used …
Download PDF The most important message is there is nothing in the proposed legislation that suggests you should off load your existing residential rental property. Negative Gearing Residential properties purchased after 12th May, 2026 will not be able to offset their rental losses against other income such as wages after 1st July, 2027, …
Download PDF I am very disappointed with this budget it claims to help people buy their own home but throws the homeless and those not in a position to buy under a bus. A small investor buying an established home to provide rental accommodation will pay more tax than an investor in shares, …
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 …