Julia's Blog
By Julia Hartman
So what do you do if you realise, after reading the amazing information on our web site or facebook page, that you have missed something in a previous tax return? Don’t worry, you can amend that return and don’t let the ATO fob you off with the 2 year limit as there are many ways …
Holding property in your own superannuation fund is not for everyone but can be well worth considering for the tax benefits and asset protection advantages. This blog is food for thought to prepare you for a discussion with your Accountant, make sure you have that discussion before you sign a contract. I make clients who …
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 …
Transferring Residential Property To Your SMSF If you own a property that you want to transfer to your SMSF the transaction must take place at market value but it must also be a property that is used “wholly and exclusively” in a business, though not necessarily your business. Commercial property is fine of course as …
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 …