Julia's Blog Selling a Rental Property
You can download the “Selling a Rental Property” Booklet From Here.
Category «Selling 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 …
Warning Do Not Sell Your Rental After a Rebuild
Download PDF The Unanticipated Consequences of Rebuilding your Rental to Sell Whether it be fire, flood, or other catastrophe you need to consider the CGT, income tax and GST consequences if you receive an insurance cash payout then rebuild your rental with the intention of selling it. GST in particular could be brutal yet the …
Do Not Let Your Conveyancer Talk You Into Registering For GST!
Download PDF Check with an experienced property Accountant before you ever choose to register for GST. Get it wrong and you will have to pay the ATO 1/11th of the sale proceeds, even if the bank ends up taking the whole lot to repay your loan. Twice in one week clients have come to us …
Labor’s Removal of Negative Gearing on Established Properties and Reducing CGT Discount To 25%
Big news for property investors! If Labor win the election this year they will remove negative gearing for properties purchased after 1st July 2017 unless they are new builds. Chris Bowen explained new builds as completed within the last 12 months and the investor is the first owner after the developer. I would hate to …