Julia's Blog
By Julia Hartman
Big news for property investors! If Labor win the election this year they will remove negative gearing for properties purchased after 1st July 2017 unless they are new builds. Chris Bowen explained new builds as completed within the last 12 months and the investor is the first owner after the developer. I would hate to …
For years I have been complaining about clients only coming to see us after they buy a rental property. By then there is not much we can do to help them. To help investors understand the service they need to obtain from their Accountant before investing and to give price certainty we have put together …
I hear people living on acreage saying that they only sell a little of their produce at markets just to cover costs and of course not declare it in their tax return because it is really just a hobby. They are concerned if they use the property to produce income in any way they will …
To be tax deductible against your income the course you are doing must be related to your employment obligations either because it is improving the skills you need in your current job or keeping you up to date. You can also claim for expenses that will qualify you for advancement with your current employer but …
Note the following is only posted here to give readers the history and because of the reference in Newsflash 286. Interest free loans to your SMSF are definitely not being accepted by the ATO though nothing has been resolved through the courts. Taxpayers must have their loans on an arm’s length basis for the 2016 …