Category «Your Own Home»

If Your Home or Investment Property Has Been Damaged in the Fires – Updated 8th April 2022

Regrowth after the 2020 Australian fires and the taxman

Download PDF – Updated 8th April 2022 If your Home or Investment Property Was Damaged in the Fires or the Floods, 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 …

It Looks Like A Gift Until The ATO Pops Up!

(Download PDF) Bosanac’s case has taken a turn for the worse. https://www.judgments.fedcourt.gov.au/judgments/Judgments/fca/full/2021/2021fcafc0158?fbclid=IwAR3KR9OTbrHLVJh6xLCx7Sb0nkX5KK1JHhrdIhcmRc6XIAamXH8TgQKbCn4 Initially, before a single judge of the Federal court Ms Bosanac was successful in holding onto the family home which she held in her name only. The ATO was after half of it to pay her husband’s tax bill. The Federal court found …

12 Mistakes When Buying A Home To Live In

(Download PDF) Educating yourself and seeking advice is something you associate with property investing but not buying a home to live in. Well, it didn’t take long at all for me to come up with 12 mistakes I have seen people make when buying a property to use as their home. I list them below, …

Expats Beware

Australian Expats may lose their main residence tax exception.

Expats Beware the Australian Government is After Your Main Residence Exemption Again! The bill to remove the main residence exemption for expats made its way through both houses in the final days of the 2019 parliament. It is a little tamer than the 2017 version but can still apply retrospectively to destroy your main residence …