SMEs get instant asset write-off extension, but EOFY deadline looms

Great news for small business owners: the federal government has extended the $150,000 instant asset write-off to 31 December 2020, but you’ll need to act asap if you want to make use of the scheme this financial year. Read more

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Non-resident with a home here? Quick Sell it!

As proposed in the 2017 budget, the removal of the main residence CGT exemption for tax non-residents was legislated in Dec 2019 Read more

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NSW land tax crackdown

Property developers, foreign owners, farmers and trusts could be among those hardest hit by a NSW government crackdown on taxpayers who have incorrectly avoided paying land tax. Read more

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Do you Airbnb your property? The ATO has you in its sights

Sharing is caring, right? However, when it comes to the sharing economy, the ATO is feeling neglected and wants its fair share. Here’s what you need to know if you rent out your property on Airbnb. Read more

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Difference between repairs, maintenance and improvements

It’s a common question among new property investors: “What’s the difference between repairs, maintenance and improvements?”

This is important stuff to know if you’re going to invest in property because it affects your tax deductibility and hence your cash flow. Read more