Category «Property Investments»

If Your Home or Investment Property Has Been Damaged in the Fires

Regrowth after the 2020 Australian fires and the taxman

If your Home or Investment Property Was Damaged in the Fires, The taxman is lurking behind those new green shoots of regrowth and what a bonanza to be had. The ATO can easily administer through already established data matching with land titles offices and insurance companies, while for the average taxpayer, the whole situation is …

Claiming Property Expense When Not Rented

Claiming Property Expense When Not Rented       The big question is – “What is Exceptional Damage Beyond Your Reasonable Control?”  The answer in the case of the above photo would depend on a DNA test because if your family does the damage, no tax deduction. What a segue!  Sounds a lot more interesting than discussing …

Building A Duplex

There are just so many tax traps when building a duplex that you must see a property savvy Accountant before you begin.   These issues cover a common wall duplex through to building another house on your land by creating a battle-axe block, to looking at when you create two or more titles with a house …

10 Myth Busters for Renovators

  After 3 days on a stand at the Cherie Barber Boot Camp I realised there are a lot of fundamental issues that are misunderstood by renovators so here are the basics. If you would like more we have a renovator’s booklet on our web site https://www.bantacs.com.au/booklets/Renovators.pdf 1) Borrowings – It is all about the …