Julia's Blog
By Julia Hartman
Download PDF A clearance certificate is now required to sell any real estate in Australia. If you do not provide one, 15% of the sale price will be withheld at settlement and sent to the ATO. You can make the application yourself on the ATO web site here https://www.ato.gov.au/single-page-applications/frwt-certificate#applicationtype Be careful to use this …
Download PDF Well a lot of this has to do with whether your dominant purpose is a tax benefit. Yep Part IVA, the ATO’s secret weapon that defeated capitalised interest arrangements. Debt recycling, suggesting that you can change non tax deductible debt into deductible debt by buying whatever the promotor is selling. Very …
Download PDF From 1st January 2025 a vacancy land tax applies to all residential properties in Victoria that are not considered to be occupied for at least 6 months of the previous year. It is no longer just the inner and middle Melbourne areas that are caught. The period considered is the calendar year …
Download PDF Pay careful attention this year because it is very likely that your tax deductions are never going to be so valuable again. For every dollar you spend on tax deductions, if your income is between $45,000 and $120,000 the ATO will refund you 34.5 cents where as next year it will …
Download PDF It is time all the reactionary politicians got their facts straight. The only thing that is going to improve the housing crisis is more housing not punishing landlords. That is like moving the deck chairs on the Titanic. Landlord’s need to offset their losses, for example large repairs for tenant damage. Nevertheless, we …