Julia's Blog
By Julia Hartman
Small Developers If your project includes actually constructing a building with the intention of selling for a profit then you must charge GST when you sell. Make sure to ask about a margin scheme clause in the contract to reduce your GST. The same applies if you buy land with the intention of subdividing and …
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 …
Must Knows About Income Insurance Yeah, yeah I know no one wants to talk about insurance and possible disasters but odds are you already have income insurance as part of your superannuation. So, I am not talking you into taking out insurance here I am talking about paying premiums that may not provide you …
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 link …
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 …