Julia's Blog Owning a Rental Property
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Category «Owning an Investment Property»
Property Investing Basics
Download PDF This article is dedicated to the client who sold his rental property just before he retired rather than just after. A very frugal man who does not waste money on tax advice. For the sake of a bit over a year he paid more than $30,000 extra in tax. At times here …
To Fix or Not to Fix?
Download PDF At least the Reserve Bank has slowed down its rate of increase to only ¼%. Maybe that is a good sign the rate rises will stop soon. These days I am regularly asked whether a client should fix their loan. This is all about which way rates will go over the fixing period. …
Queensland’s Land Tax Grab Explained
Download PDF On 30th June next year investment property owners are going to be in for quite a shock when they open their land tax bill. Many people will be receiving one for the first time. Previously, land tax would not have applied to them because the value of their Queensland property was below the …
Do you need a Depreciation Schedule and Why?
Download PDF What Properties Qualify for Building Depreciation Properties built or renovated after 16th September 1987 will have some building depreciation left to claim. To work out if it is worth it, make a rough guess just how much the building or renovation would have cost back when it was done and multiply that by …
Year End Tax Strategies For Property Investors
Download PDF General Deductions: You can only pay a maximum of 12 months in advance. In the case of interest payments check if the bank will let you do this and that they do treat it as an interest payment not just let it reduce the loan balance. If you pay rates, insurance or body …