Julia's Blog
By Julia Hartman
(Download PDF) – Updated 05 09 2022 Being in business generally opens up a lot more tax advantages than just being an investor. Though on the downside it is a lot more difficult to negative gear a business unless your turnover is more than $20,000. In this blog we consider the definition of business in …
Download PDF On 30th June next year investment property owners are going to be in for quite a shock when they open their land tax bill. Many people will be receiving one for the first time. Previously, land tax would not have applied to them because the value of their Queensland property was below the …
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 or body …
(Download PDF) The ATO have issued a draft ruling on claiming expenses when you are constructing a rental property. TR 2021/D5 https://www.ato.gov.au/law/view/print?DocID=DTR%2FTR2021D5%2FNAT%2FATO%2F00001&PiT=99991231235958&fbclid=IwAR0IAFNOdKMzqPcho6-FIEI6-cOFGjggwMwWMflgbmx46UbHamRM2ZYDyJ8 From 1st July, 2019 the deduction of expenses relating to vacant land have been severely restricted. Specifically, in regard to the costs associated with vacant land that you are holding to build a …
(Download PDF) A trust is either discretionary or fixed in the ATO’s eyes anything in between is a charade. A chook on stilts is not a flamingo. The cycle has come full circle, must be enough new players in the property market to make it worth promoting hybrid trusts again. I guess there is a …