Approach tax claims the right way
June 30, 2017
End of financial year is nigh and the property investor’s thoughts turn to tax time. Or more simple, how to legally reduce that tax bill. Here’s a tip: Prepay expenses for an immediate tax deduction. Receive an immediate tax deduction by prepaying rental property expenses up to 12 months ahead. The payment must be for …more »
Will I lose control?
June 29, 2017
Buyers and sellers should approach auctions with absolute confidence because there is no shortage of professionals to answer their questions, from the marketing agents to the auctioneers. Australia’s state borders are more than lines on a map when it comes to legislation pertaining to the auction process, and the rules are in place to ensure …more »
Pays to stay on the right side
June 23, 2017
If you are a property owner and you want to reduce your tax bill, do it legally. It simply isn’t worth trying to cheat the system. First tip: Own your property for at least 12 months before you sell. You might be keen to sell your investment property straight away, but if you can …more »
On or off-site, what’s best for the auction?
June 22, 2017
You have to love them both – in-rooms or on-site – because each has its merits. At an on-site auction, buyers can get a real feel for the place. They can have a good look around, and really develop that sense of familiarity, even ownership, that can stay with them right through the bidding until …more »
You won’t buy a house with a scratch of the nose
June 15, 2017
The auction has become an increasingly popular and comfortable method of sale, and there is plenty of information available to both buyers and sellers about how they can best conduct themselves. One of the oldest buyer questions is: If I scratch my nose, will I unintentionally make a bid? The auction process is very …more »
Tax help is at hand
June 9, 2017
Is keeping track of all those expenses relating to your property getting you down? Does record-keeping, or lack of it, make taxtime one big headache? Take a tip: Use an app for recording expenses Reduce your tax bill by claiming all allowable deductions on your rental property. Take a photo of your receipts as …more »
I do declare…
June 9, 2017
Investment property owners, don’t try and cheat the system when it comes to tax. The big tip: Don’t risk undeclared income You might think it will reduce your tax bill to not declare some of your income, but there could be serious financial consequences. The data matching technology now used by the ATO has …more »
Auctions motivate buyers, even in winter
June 8, 2017
What are the merits of going to auction? An auction program gives a time frame in which buyers can organise their purchasing position. An auction gives the seller an opportunity to get an unconditional contract. An auction allows the market to give indication on market price through genuine buyer feedback. Even if property does not …more »