Julia's Blog
By Julia Hartman
Obviously, you have to declare the income you receive and are entitled to claim expenses but the long-term consequences of a property earning income is capital gains tax (CGT) which means keeping records for the rest of the time you own it. This will even apply to your home in most circumstances. When the Property …
There are many changes affecting people purchasing a property after 30th June, 2018. My aim here is to give you a check list to make sure you understand what has changed for you. Note the first 3 points apply equally to people who buy a home to live and investors. 1) Is the Purchase Price …
Claw some of that interest back off your bank and use it to make principle repayments. Interest rates are low, really low, especially if you have a principle and interest loan secured by your home. In fact Westpac are offering competitive interest rates and even rebates to cover the costs of transferring and setting up …
I hear people living on acreage saying that they only sell a little of their produce at markets just to cover costs and of course not declare it in their tax return because it is really just a hobby. They are concerned if they use the property to produce income in any way they will …