by James Carey | Feb 12, 2024 | News
Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is a strong incentive for many SMSF trustees to dream of large returns from property development. We look at the...
by George Morice | Jan 9, 2023 | Coaching and Consulting, News
As the COVID-19 pandemic has forced many professional services firms to adopt remote work policies, it’s natural to question what the future of work will look like. If you have ever questions if full-time work from home is the right option for your...
by James Carey | Dec 11, 2017 | Individual Tax, Property & Investment
Last month the Senate passed the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017, with which came changes to depreciation for existing residential properties purchased after 9 May 2017. The purpose of the amendment is to stop owners and investors claiming...
by James Carey | Dec 5, 2017 | Individual Tax, Property & Investment
Australia has followed the international trend of penalising foreign owners of Australian residential property who keep their property vacant for extended periods of time. Last month Parliament approved legislation that imposes an annual vacancy fee on foreign owners...
by James Carey | Nov 30, 2017 | Individual Tax, Property & Investment
Many clients presume that when they renovate their gains will be exempt from tax, so long as the property being renovated is their main residence. This is not always the case. We’ve summarised the ATO’s guide to property development, building and renovating, and...
