May
31st
Paying Interest in Advance on Investment Property
Now is the time of the year some people consider paying 12 months of interest upfront to claim the tax deduction in this financial year. If you have sold a property and have a capital gain liability, or have come into some money via a bonus or something, paying the interest upfront and claiming the [...]
Mar
12th
Do you need to register for NSW Land Tax?
For 2010, Land Tax is payable on the taxable value of land owned within NSW on 31st December 2009. A land tax threshold of $376,000 applies for taxpayers other than trusts and the principal place of residence of individual taxpayers (including their family) is exempt, as also is land used for primary production. The value [...]
Dec
14th
TOP TEN TIPS – TAX RETURNS ON RENTAL/INVESTMENT PROPERTIES
Here is a list of the 10 most common mistakes that investors make when preparing tax returns for rental properties from a partner at BDO Kendalls.
TIP l: Repair or improvement?
There is a fundamental difference between a repair and an improvement – the former is tax-deductible. but the latter is considered capital and therefore not tax-deductible.
To [...]
